The famed Watergate Hotel in Washington D.C. is under contract to be sold by PB Capital, a unit of the German Deutsche Postbank AG, to a venture led by Holland Development Group for a price that is expected to be in the $40m range, according to people familiar with the transaction.
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Showing posts with label Aquisitions. Show all posts
Showing posts with label Aquisitions. Show all posts
Friday, October 2, 2009
Tuesday, June 30, 2009
Premium Bars in asset sale talks
Premium Bars & Restaurants, the owner of the Prohibition and Living Room bar chains, is in exclusive talks to sell some or all of its assets to the Reuben brothers, the billionaire property investors.
David and Simon Reuben, the company’s biggest shareholders with a 32.5 per cent stake, are understood to have offered to buy all but five of PBR’s 47 sites for £52m.
Read more:
http://www.ft.com/cms/s/0/733c438c-64e6-11de-a13f-00144feabdc0.html
David and Simon Reuben, the company’s biggest shareholders with a 32.5 per cent stake, are understood to have offered to buy all but five of PBR’s 47 sites for £52m.
Read more:
http://www.ft.com/cms/s/0/733c438c-64e6-11de-a13f-00144feabdc0.html
