Defiant MWB to sell £460m hotels

Checking out: Malmaison in Newcastle included in sale

Marylebone Warwick Balfour has appointed Bank of America to sell the bulk of its hotel assets with a value of around £460m.The group, which also has majority shareholdings in AIM-listed companies Business Exchange and Liberty, wants to sell its Malmaison and Hotel du Vin properties following the failure of Vector ...

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