Whitbread in talks to sell Marriott hotels

Leisure group Whitbread surprised the City today by confirming it was in talks to sell some or all of its 52 upmarket Marriott hotels in the UK.

Whitbread in talks to sell Marriott hotels
Fri, 11 Mar, 2005 - 14:27

Leisure group Whitbread surprised the City today by confirming it was in talks to sell some or all of its 52 upmarket Marriott hotels in the UK.

Shares in Whitbread rocketed nearly 10% as analysts put a £1bn (€1.43bn) price tag on the four-star and five-star hotels, which the company franchises from Marriott International.

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