LONDON According to a recent Reuters report, Strategic Hotel Capital, a U.S. investment fund with $1 billion to invest in hotels, held talks with Nomura Securities Co. Ltd. about acquiring some of the Le Meridien assets from the Japanese securities house.
Strategic, whose backers include Goldman Sachs Group s Whitehall investment funds, has spend $2.75 billion on 30 hotels, mostly in the U.S. CEO Laurence Geller said he wants to raise Strategic s investment in hotels outside the U.S. to 30% to 40% from 12% to 15%. (5/9/01)
SOURCE:Reuters