Deals
Blackstone Nears $1.1 Billion Sale of Center Parcs Resorts
Photographer: Felix Kästle/picture alliance via Getty Images
This article is for subscribers only.
Blackstone Group LP is in exclusive talks to sell a portfolio of Center Parcs Europe holiday resorts to German real-estate company Aroundtown SA, according to people with knowledge of the talks.
Aroundtown has agreed to pay about 1 billion euros ($1.1 billion) for the seven properties, which are operated by Pierre & Vacances SA, said the people, who asked not to be identified because the negotiations are private. Eastdil Secured LLC is advising on the deal, the people said.