Westmont and Ahuvi Mentioned as Buyers of European Hotels
LONDON, UK, February 28, 2006. According to a published report, Westmont Hospitality Group is in advanced talks to acquire 25 Holiday Inns and Crowne Plazas in continental Europe. The report said that Westmont is in the deal with a Canadian investment group, Caisse de Depot et Placement du Quebec. The report further noted that interest in IHG properties is coming from an Israeli real estate developer,
Yigal Ahuvi, who is about to become a major player in Europe's hotel industry. After completing the acquisition of 16 Hilton hotels in the United Kingdom, Ahuvi is being mentioned as the preferred buyer of a group of Marriott hotels. He is also reportedly taking a look at buying seven branded InterContinentals from IHG. The report said that the Royal Bank of Scotland has joined Ahuvi in the bid.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
