CIT Group, the investment company, is set to acquire 28 hotels for £400m.
The properties, owned by Thistle, Morgan Stanley and Andy Ruhan, a Midlands entrepreneur, were part of a portfolio of 37 hotels sold by Thistle in 2002 for £600m in a sale and manage-back deal with Orb
References: The Times Business 02/12/06 page 65
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Including:
A local private investor has snapped up the multi-let office for £6.1m
Agency sees group-wide rises for leasing and capital markets revenue
The refurb is set to deliver 250,000 sq ft of office space at 125 Shaftesbury Avenue
Fund house picks up city site from Nuveen
