• Holiday Inn portfolio sale

A portfolio of 21 Holiday Inn hotels across the UK is up for sale with an estimated GBP70m price tag. The package is currently owned by LRG, a consortium of Lehman Brothers, Realstar and GIC, reports Property Week.

The hotels have been split off from a larger portfolio of IHG hotels bought in 2005, of which the consortium will retain 40. Each will be offered with the option of retaining or leaving the Holiday Inn affiliation.

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