Whitbread to sell off four-star hotels
Speculation is growing that Whitbread will announce on Monday that it is to sell off all of its four- and five-star properties. The company has refused to deny that a deal is on the cards.
Industry insiders had predicted that Whitbread would sell half of its £1.1b Marriott-branded bricks-and-mortar assets in a sale-and-manage-back deal.
But a report in The Times
A statement from Whitbread said: "The company confirms that it is currently in discussions which may or may not lead to the disposal of some or all of these hotel assets."
by Emily Manson
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