• Maybourne linked to stake sale

Maybourne Hotel Group is reported to be in exclusive talks with private equity group Northwood Investors to sell a Eu230m stake in the company.

Northwood president John Kukral was president, co-founder and CEO of Blackstone Real Estate Advisors when it sold the three Maybourne hotels, along with the Savoy, to Maybourne shareholder Derek Quinlan. Maybourne is currently refinancing close to Eu700m of bank debt which is due in December.

See the full story here:
http://www.irishtimes.com/newspaper/finance/2010/1030/1224282315567.html

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