Wednesday, September 23, 2020
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The Tourist Group Globalia and the Hotel Chain BlueBay Evaluate the Merger of Their Hotel Portfolios

Globalia and the chain BlueBay are considering merging their hotel portfolios to create a company that would manage nearly 100 establishments and more than 21,000 rooms.

The project, which is being advised by the firms’ consultants and auditors, Ernst & Young and PwC, has a strong “vocation for international expansion”, as reported by both companies in a joint press release on Monday.

Together, the two firms own more than 21,000 rooms across 100 establishments (under the Be Live, Globalia and BlueBay brands). Most of them are category 4- and 5-star properties, which are located in more than 15 countries, including Cuba, Portugal, Morocco and Colombia.

Read the full article in Spanish.

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