Whitbread’s share price has reacted to reports that the company is prepared to release up to £200m of capital tied up in its Marriott Hotels chain.
Some of the worst-performing hotels could be sold while retaining management contracts.
The 62 Marriotts are down in Whitbread’s books at £1.2bn. They account for 40% of the asset base. The shares fell 4p to 715.75p.
References: The Times (Broadsheet) 30/12/03 page 22 (Stock Markets)
