Irish property investor Quinlan Private is interested in buying the hotel operating business Malmaison and Hotel du Vin from property firm Marylebone Warwick Balfour Group Plc, the Sunday Telegraph reported.

Quinlan Private was not immediately available for comment.

MWB said on Friday that it had started talks over a possible sale of the businesses, adding that any discussions were at a very early stage.

The price for the businesses could reach over 700 million pounds, the paper said without quoting sources.

On July 2, MWB said it had appointed Bank of America to sell the property assets of Malmaison and Hotel du Vin, after failing to sell them in June to Vector Hospitality for at least 495 million pounds ($1.01 billion).

Shares in MWB closed 5.7 percent higher at 278 pence on Friday, valuing the firm at 223.8 million pounds.

Source

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