LONDON Marylebone Warwick Balfour Group Plc based here, said it is selling $90 million in new shares to finance expansion plans.
The company intends to expand its Malmaison chain across the UK and continental Europe. Marylebone is developing two hotel and residential sites in London s docklands area. A 32-story tower will be added to the company s West India Quay site. The Royal Victoria Docks site will be developed with three hotels and serviced apartments.
Shares in Marylebone, which owns department store operator Liberty Plc, have risen 71% this year. Deutsche Bank AG is managing the share sale. (11/3/00)