MARATHON TO BUY FORMER MINT HOTELS IN THE UK

New York-based Marathon Asset Management has reportedly agreed to purchase a 1,200-room portfolio of five former Mint properties across the UK (in Glasgow, Leeds, Birmingham, Bristol and Manchester) for £160 million (£133,333 per room) from Blackstone. The four-star hotels, which were acquired by Blackstone in 2011 along with three other Mint hotels, are now operated under Hilton Wordwide's DoubleTree and Garden Inn brands.

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