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| | TNA Oct 04, 1999 SPHC for sale (Site not responding. Last check: 2007-10-29) |
 | | SYDNEY: The SPHC hotel group is up for sale, with Marriott International, Accor Asia Pacific and Bass locked in a bidding war for the Sydney-based chain. |
 | | SPHC, which runs properties under the Parkroyal, Centra and Travelodge banners, last traded in 1988 when Chicago's Pritzker family, which owns Hyatt Hotels & Resorts, paid A$540 million to Malaysian financier Tan Sri Khoo Teck Puat for the group, then known as Southern Pacific Hotels Corporation. |
 | | Sources say the Pritzkers want to recoup the $540 million on any new sale but bidding has been slow because SPHC is to be sold as a mangement company, with most of its fully-owned hotel buildings to be retained by Hyatt. |
| www.cargonewsasia.com /timesnet/data/tna/docs/tna9941.html (113 words) |
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