Radar > 217704

Grupo Pestana confirms its interest in Tivoli hotels

Grupo Pestana confirma interesse nos hotéis Tivoli

Intel ID : 217704
Synopsis

Dionísio Pestana, president of Grupo Pestana, admitted his interest in the largest hotel chain in Portugal with 14 Tivoli units, held by Grupo Espírito Santo International, through Rioforte Portugal, a subsidiary of Rio Forte holding, which manages all the non-financial assets and one of the non-financial assets that the Group has up for sale.

Dionísio Pestana revealed the acquisition offer was made through a partnership with US-based and UK-based investment funds, which will carry out the financial investment. Grupo Pestana would be in charge of hotel management of the 14 units. Dionísio Pestana admits that if deal materializes Tivoli brand should be maintained.
(content in portuguese)

Dionísio Pestana, presidente do Grupo Pestana, admitiu o interesse da maior cadeia hoteleira do país nas 14 unidades Tivoli, detidas pelo grupo Espírito Santo International, através da Rioforte Portugal, subsidiária da Rio Forte holding encarregada da gestão dos activos não financeiros e um dos activos também não financeiros que o gurpo tem à venda.

Dionísio Pestana revelou que a proposta de compra é feita em parceria com fundos de investimento americanos e ingleses, que farão o investimento financeiro. Ao grupo Pestana caberia a gestão das 14 unidades hoteleiras. A concretizar-se a operação, Dionísio Pestana admite que a marca Tivoli seria para manter.

Bidder

Private Shareholders I

Target

Seller

Ultimate Owner (Seller)

Luxembourg

Intel ID 217704
Value ND
Native Currency Euro (EUR)
Financial Data - Hotéis Tivoli
(31 Dec 2015)
Revenue: -
EBITDA: -
Net Debt: -
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name

Bidder

Name
Subsector (Old TTR Sectors)
Services and Distribution / Tourism, Hotels and Restaurants (Primary)
Primary Sector (TTRSC)
15.10.06 Hotels, Resorts & Accommodations
15 Consumer Products & Services / 15.10 Travel, Hospitality & Leisure

Country
Website
Description

Target

Name
Subsector (Old TTR Sectors)
Services and Distribution / Tourism, Hotels and Restaurants (Primary)
Primary Sector (TTRSC)
15.10.06 Hotels, Resorts & Accommodations
15 Consumer Products & Services / 15.10 Travel, Hospitality & Leisure

Country
Website
Description

Seller

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Services and Distribution / Tourism, Hotels and Restaurants
Primary Sector (TTRSC)
10.01.09 Intellectual Property Management Services
10 Business Services / 10.01 Business & Professional Support Services

Country
Website
Description

Ultimate Owner (Seller)

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Description

Radar

Date Title Type Intel Grade Country Subsector  
-
-

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.