NEW YORK HOTEL BUSINESS. has learned that Bass Hotels and Resorts is in the advanced stages of its attempt to buy outstanding shares of Wyndham International, according to a source close to the situation.
The proposed merger is said to be very serious, and would be funded by the #2.3 billion, or US$3.3 billion, that Bass received last year after the sale of its beer-making activities. (5/7/01) Jerry Merkin