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Bartels to help Nomura’s Forte auction bid

Report by Lee winter

FAILED Dome buyer Nomura has hired former Starwood
Hotels and Resorts chief executive Juergen Bartels to lead its bid in Granada
Compass’s £3 billion Forte hotels auction.

Bartels is understood to be overseeing the bid by
Nomura as it battles against the likes of Bass Hotels and Resorts, Orient
Express Hotels and a number of investors.

The Japanese company is thought to be among the front
runners having submitted a bid for the Le Meridien and Posthouse chains plus
some of the London Signature hotels.

A final shortlist is expected by the end
of February ahead of a final decision on the sale by the end of the first
quarter 2001.

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