LONDON Shares in Granada Compass rose on December 13 after the company reported a 2% rise in annual operating profits as it started its second round of hotel dispositions. The group said its multi-million dollar auction, which includes the luxury Le Meridien chain, entered into the next phase with a shortlist of bidders receiving more detailed company information. A sale is expected to close by the end of March 2001. Industry sources said the most likely candidates for the hotel auction are Bass, Marriott, Starwood and Nomura. (12/14/00) Source: REUTERS
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