LONDON Hilton Group Plc is joining forces with two other bidders for the Granada Compass hotels portfolio, according to reports abroad. It is believed that Hilton is in talks to join with U.S.-based Strategic Hotel Capital and the Spanish hotel group Sol Melia. According to reports, the consortium injected 4.5 billion pounds into an investment fund Hilton invested 500 million pounds, Sol Melia two billion and Strategic two billion. The auction, which includes the luxury Le Meridien chain, started its second phase this month with a shortlist of bidders, and is expected to be complete by the end of March 2001. A spokesperson from Hilton declined to confirm the report. (12/26/00)
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