Bidders Emerge as Mint Hotel Chain Goes on Sale

15th June 2011 (Last Updated June 15th, 2011 18:30)

UK-based city centre hotel chain Mint is set to be sold in a deal worth £575m ($941.4m). US private equity business Blackstone, property investor London & Regional and a joint venture between Goldman Sachs' Whitehall Fund and Texas-based private equity group TPG Capital have emerge

UK-based city centre hotel chain Mint is set to be sold in a deal worth £575m ($941.4m).

US private equity business Blackstone, property investor London & Regional and a joint venture between Goldman Sachs’ Whitehall Fund and Texas-based private equity group TPG Capital have emerged as bidders for the company.

The Mint portfolio comprises six hotels in the UK and one in the Netherlands.

The Mint hotel chain was founded by Scottish businessmen Sandy Orr and Donald McDonald.