Barceló Hotel Group has made a preliminary merger proposal to fellow Spanish company NH Hotel Group.
Barceló Group, which has more than 230 hotels, proposes to have 60% of the shared company and a majority on the board. NH Hotels has a portfolio of nearly 400 hotels globally, including one in the UK, the NH London Kensington (pictured). The group also plans to launch its Nhow brand in London, with an eight-storey, 190-bedroom hotel set to open in Shoreditch in 2019.
The two hotel groups combined could create the biggest Spanish hotel group.
NH Hotel Group released a statement earlier today which read: "NH Hotel Group's board of directors recently approved a three-year strategic plan for the company, which aims to boost company growth independently from this news and any other, and that plan is still valid today. Any changes regarding this decision or other strategic alternatives or considerations will be communicated accordingly to the market."
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