Blackstone checks in to Birmingham Mint
Mint Hotel, which has a site in Birmingham, has been acquired by private equity firm Blackstone.
The terms of the deal were undisclosed but it is understood to be have been sold for about £600m.
Mint was founded by Sandy and David Orr and Donald MacDonald with Bill Crerar as City Inn in 1995, with the first hotel opening in Bristol in 1999.
In 1998, the co-founders agreed a financial joint venture with Lloyds Banking Group subsidiary Uberior Ventures and the chain was rebranded as Mint Hotel last year.
"After nearly 16 years spent building Mint into the brand that it now is, a transaction has been agreed that gives the business a new future," said chief executive and co-founder Orr.
"We have a fantastic team of over 1,500 employees who have worked tirelessly to deliver the outstanding level of service that our customers' deserve.
"In Blackstone, the business now has a global investor with a strong and expansive track record in the hospitality sector. We feel confident that they will continue to manage the hotels in a manner that is true to its business identity.
"We wish the new managers every success with the business and are hugely proud to have built it up to the position it now is in."
Other hotels are in London, Leeds, Manchester and Amsterdam.
