Invesco Real Estate Limited agreed to acquire Tivoli Avenida Liberdade Lisboa, Tivoli Oriente Lisboa and AVANI Avenida Liberdade Lisbon from Minor International Public Company Limited for €313 million.
June 26, 2019
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Invesco Real Estate Limited agreed to acquire Tivoli Avenida Liberdade Lisboa, Tivoli Oriente Lisboa and AVANI Avenida Liberdade Lisbon from Minor International Public Company Limited (SET:MINT) for €313 million on June 27, 2019. The companies were acquired by funds, managed by Invesco Real Estate Limited. The transaction is subject to customary closing conditions. The transaction is expected to be completed during the third quarter. Francisco Lino Dias of PLMJ Advogados, SP, RL acted as a legal advisor to Minor International Public Company Limited (SET:MINT) and NH Hotel Group, subsidiary of Minor group. JLL acted as a real estate advisor to Invesco Real Estate Limited.
Minor International Public Company Limited is a Thailand-based company engaged in the investment activities, hotels, restaurant operations, and distribution and manufacturing. The Company operates through four segments: Hotel, Mixed use, Restaurant and Retail. The Company operates hotels, resorts and serviced suites with a portfolio of over 530 hotels under the Anantara, AVANI, Oaks, Tivoli, Elewana, NH Collection, NH, nhow, Marriott, Four Seasons, St. Regis, Radisson Blu and Minor International brands. Its hotel and spa portfolio spans across 56 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and the Americas. The Company operates mixed-use business, including shopping plazas and entertainment, residential properties, and a points-based vacation club. It offers fashion and lifestyle products under various brands, including Anello, BergHOFF, Bossini, Charles & Keith, Joseph Joseph, Zwilling J.A. and Minor Smart Kids.
Invesco Real Estate Limited agreed to acquire Tivoli Avenida Liberdade Lisboa, Tivoli Oriente Lisboa and AVANI Avenida Liberdade Lisbon from Minor International Public Company Limited for €313 million.
MINOR INTERNATIONAL 
