NEW YORK According to The Times newspaper, the Dorchester Group, which is 100% owned by the Brunei Investment Agency, has expressed interest in acquiring some of Italy s most famous hotels, including the Danieli in Venice and the Grand Excelsior in Rome. The hotels form part of Ciga Hotels, a group of 25 hotels recently put up for sale by Starwood Hotels & Resorts. The sale is expected to realize $1.44 billion, but it is unclear as yet whether the Dorchester Group wants to purchase the entire Ciga portfolio or just specific properties. (12/1/00) SOURCE: HVS International
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