• Village Hotels sale
Lloyds Bank is preparing a GBP450 auction of Village Urban Resorts, the last component of the De Vere group. The formal sale will be handled by JP Morgan and is due to begin by the end of July, reports the London Times. 

The chain of 25 hotels around the UK is expected to attract offers from private equity and real estate investment companies, including Starwood Hotels & Resorts. The sale of six De Vere golf resorts to Sankaty Advisors is currently completing for around GBP160m.
 
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