NH Hotels makes surprise bid for Una Hotels
NH Hotels, the Spanish hotel chain, has made an offer for Una Hotels, the privately held Italian hotel chain, Italian language daily Milano Finanza reported. The report cited sources close to the dossier who said that NH Hotels is bidding together with an institutional investor
The offer has come as a surprise, since Una Hotels is holding exclusive merger negotiations with Atahotels, the chain owned by Unipol-Sai, the insurance subsidiary of the Unipol financial services group. The report said that the Atahotels offer could be in the region of EUR 200m, but that the NH Hotels offer is believed to be higher.
There is no guarantee that the NH Hotels offer will re-open the race, as exclusive negotiations with Atahotels have been going on for months, the paper said.
As previously reported, Una Hotels has bank debts of EUR 500m, primarily owed to Unicredit, BMPS and Unipol, as previously reported. The report said the banks control Una via Fenice Holding.
Milano Finanza daily edition