LONDON— Le Méridien said yesterday it was having “constructive discussions with its banks and shareholders” on attempts to stabilize the upscale hotel chain. A new business plan has been put to stakeholders, the company said. There have been some reports that Marriott, Hilton and Accor are interested in some or all of Le Méridiens hotels. However, most recently, news surfaced that Guy Hands, the former Nomura financier whose Terra Firma investment vehicle controls Le Méridien, has offered to invest £100m in the company to save it, provided its banks write down the value of their loans.
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