• Sankaty above par
US investor Sankaty Capital is to buy the portfolio of De Vere golf resort hotels. The firm is lead bidder with an estimated GBP160m offer for the six properties, reports the London Times.

In an auction led by JP Morgan, Sankaty has emerged ahead of rivals Starwood Capital and KSL Capital Partners. The deal leaves De Vere with its 25 strong chain of Urban Village hotels, due to be sold for more than GBP400m later this year.
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