• Urban Village bids in
Center Parcs owner Blackstone is among bidders for the De Vere Urban Village hotel chain. First round submissions were due to JP Morgan last week and are likely to include bids from Starwood Hotels and other private equity investors, reports the London Times.

The 25 strong Urban Village chain is likely to fetch around GBP450m for Lloyds bank. The bank has controlled De Vere group since 2010, when it agreed to an equity swap against loans originally advanced by HBOS.
 
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