Boscolo attracts 12 binding offers; exclusivity to be awarded next week – report (translated)
01 OCT 2016
Boscolo, the Italian hotel group, has attracted 12 binding offers, Italian language daily Il Sole 24 Ore reported. The report cited sources close to the operation who said that exclusivity is likely to be awarded next week. The report cited the sources as saying that the offers are attractive.
Most of the offers are from private equity firms, including Northwood, Blackstone and Starwood Capital, the report said.
The Boscolo family is ready to entertain offers for the entire chain, including the real estate, if the price is right, the report noted.
As previously reported, Boscolo is expecting an EBITDA of EUR 35m in 2016 and EUR 38m in 2017.