Saturday, October 30, 2010

US group may take Maybourne hotels stake

US private equity company has emerged as a possible bidder for a stake in Maybourne, the London hotel company at the centre of the legal challenge that developer Paddy McKillen has taken against State assets agency Nama.
New York-based Northwood Investors is understood to be interested in taking a €230 million stake in Maybourne, owner of three upmarket hotels – Claridges, the Berkeley and the Connaught – in the English capital.

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