Simpson Thacher is advising Blackstone Real Estate Partners V in connection with its acquisition of Hotel Investment Partners (“HI Partners”), a subsidiary of Banco Sabadell, for €630.7 million (US$744.2 million). HI Partners owns a portfolio of 14 primarily coastal hotels with over 3,700 rooms in Spain’s most popular tourism destinations. The transaction is subject to customary closing conditions and regulatory approvals.

The Simpson Thacher team includes Wheatly MacNamara, Tom Lloyd and Alexandra Morris (Real Estate).