Skift Take

The deal for the 33-hotel chain is reportedly worth $1 billion.

Sean O'Neill

Blackstone, one of the world's largest real estate investors, said Wednesday it had acquired Village Hotels from KSL Capital Partners, a private equity firm specializing in travel and leisure. The deal expands Blackstone's footprint in the British travel sector amid an apparently growing consumer demand for experiences over goods.

The companies didn't disclose the price or deal terms, but it is valued at around $1 billion, according to a source who spoke to PE Hub.

Why It Matters

This move signals Blackstone's contin