The US investment company Blackstone has sold the Hilton Prague Old Town to Singapore based M&L Hospitality Trust.
The five-star hotel is located not far from Náměstí Republiky and has just over 300 rooms. Blackstone acquired the hotel in 2007.
Singapore-based M&L Hospitality Trust has acquired the Hilton Prague Old Town hotel plus an adjacent 6,900 m2 mixed-use commercial building called Gestin Centrum from Blackstone for an undisclosed sum.
M&L Hospitality Trust is an international real estate investment platform specialized in hotels and with offices in Amsterdam, Singapore and Sydney.