March 27, 2018 / 5:39 AM / 5 months ago

BRIEF-Fonciere des Regions in talks with Starwood over buying UK hotels

March 27 (Reuters) - Fonciere Des Regions Sa:

* Foncière des Régions has confirmed that exclusive-rights discussions are underway with Starwood Capital for the purpose of acquiring a portfolio of fourteen 4- and 5-star hotels in major cities across the UK

* This portfolio, including an establishment currently under development, operates under the name of Principal Hotels Company

* Depending on how quickly discussions move forward, transaction could be finalised by end H1 2018, adds Fonciere des Regions

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