Whitbread to Check Out of Pounds 1bn Marriott

Summary


LEISURE giant Whitbread is in talks to sell its Marriott hotels in the UK in a deal that would see it quit the four-star market, writes Jim Armitage.

The 52-strong Marriott chain is likely to fetch as much as Pounds 1 billion despite having suffered far weaker revenues than Whitbread's successful budget hotels in the Premier Travel Inn division.

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Extract


Whitbread to Check Out of Pounds 1bn Marriott

A Marriott sale would be a U-turn for chief executive ...

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