ONE of America’s largest hotel companies, Wyndham Worldwide, is closing in on a £40m deal to buy Hoseasons, the British holiday company that specialises in boating trips and short breaks.
Wyndham, owner of chains including Ramada, Days Inn and Howard Johnson, is thought to be in pole position to buy Hoseasons after edging out rival bidders, including holiday companies and private equity firms. A deal is likely to be concluded in the next few weeks. The American leisure group already owns a number of holiday businesses on this side of the Atlantic, including English Country Cottages, and analysts believe Hoseasons would fit neatly into its stable.
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