MYTRAVEL
has put its entire US operation on the market in a move to further reduce its
mountain of debt.
The
sell-off comes as the operator revealed the disposal of its 70-apartment Oasis
Lakes timeshare accommodation in Florida for £12.7 million.
It
is believed documents detailing financial data on its US businesses have
already been circulated to possible bidders, who have 10 days to make
indicative offers.
Sources
said the company could raise more than £185 million, largely through the sale
of Travel Services International, a Florida-based operation with interests in
cruise, hotel, flights and car rental market. MyTravel paid £240 million for
TSI in 2000.
The
operator declined to comment.