An overseas buyer is tipped to come forward in a bid for Six Continents’ hotel division following the impending demerger from the pub business.
Kohlberg Kravis Roberts, Blackstone Group and Marriott International are thought to be eyeing the hotels.
Demerger listing particulars are due to be published on Monday.
References: Financial Times 14/02/03 page 23, page 44 (Markets – London), The Times 14/02/03 page 33, The Daily Telegraph 14/02/03 page 35, The Independent 14/02/03 page 22, page 24 (Market Movers)