Whitbread to sell U.K. hotels in bid to raise $1.5 billion

10/28/2004 | Reuters · Bloomberg

British hotel and leisure group Whitbread has announced plans to sell half of its Marriott hotels and other assets to raise at least $1.5 billion to return money to shareholders. The company put 11 three-star Courtyard by Marriott hotels up for sale in May, and it has selected 12 hotels to put on the market in March.

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Reuters · Bloomberg

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