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Hilton, Starwood, Marriott Top List of Rumored 6C Suitors

NEW YORK CITY-Along with British restaurant entrepreneur Hugh Osmond, just about every major hotel chain is rumored to be in connection with the possible buyout of Six Continents Plc. But whether any speculation should be taken seriously has yet to be seen, according to a local industry source.

By Diana M. Rodriguez | Updated on February 25, 2003

NEW YORK CITY-After more than a year of searching for big hotel acquisitions, Six Continents Plc is now finding itself on the chopping block. The London-based company, which comprises a pub and restaurant business along with four hotel brands, seems to be the hottest takeover prospect in the industry–with companies like Hilton Hotels Corp., Hilton Group Plc, Marriott International, Starwood Hotels & Resorts, and British restaurant tycoon Hugh Osmond all rumored to be in the bidding process.

“All have indicated interest, but I don’t know if any have even had a meeting [with 6C],” says one local industry source. “It’s all very preliminary.”

Six Continents–which owns the Holiday Inn, Holiday Inn Express, InterContinental and Crowne Plaza brands–had announced intentions earlier this month to de-merge into two separate entities in April. The lodging side was set to be renamed InterContinental Hotels Group Plc and the pub/restaurant business changed to Mitchells & Butlers Plc.

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