Blackstone sell Prague five star hotel to Singapore group

One of Prague’s landmark hotels is changing hands. The US investment company Blackstone has sold the Hilton Prague Old Town to Singapore based M&L Hospitality Trust. The news was given by the consultancy company JLL, which helped Blackstone with the transaction. The five star hotel is located not far from Náměstí Republiky and has just over 300 rooms. Blackstone acquired the hotel in 2007. The Hilton names is used for another hotel on the banks of the Vltava river in Prague but is not affected by the latest sale.

Author: Chris Johnstone