Blackstone Group LP agreed to sell the last stake of its Hilton Worldwide Holdings after 11 years of investment. With the exit, Blackstone will realize some US $14 billion of profit, the most-profitable private equity deal on record.

Blackstone Group LP agreed to sell the last stake of its Hilton Worldwide Holdings after 11 years of investment

Meanwhile, Minor International reached an agreement to acquire 30 million shares in the Spain-based NH Hotel Group for US $225.79 million. This deal will help the Thai group take an 8.6% stake in the 382-hotel chain, following its earlier expansion into Portugal and Brazil through the acquisition of Tivoli Hotels & Resorts in 2016. In this context, Central Pattana Plc under Thailand’s biggest retailer Central Group acquired a 22.93% stake in Dusit Thani Plc, a leading hotel operator in Thailand, for US $67.2 million.