Companies ranging from Strategic Hotel Capital, owner of hotels such as New York's Essex House, to BC Partners Ltd., a UK private-equity firm, may be making offers. Six Continents last month rejected as too low a GBP 2.8bn (USD 4.4bn) bid from BC Partners for the pubs division.
InterContinental Hotels Group Plc, the hotel company is to be created by the split, may have a market value of about GBP 2.79bn, according to stock prices displayed by Tullett Plc. Shares of InterContinental Hotels, whose brands include Crowne Plaza, and Mitchells & Butlers will start trading tomorrow.
The other Six Continents unit, Mitchells & Butlers Plc, owner of the O'Neill's chain of Irish pubs and Harvester restaurants, may be valued at about GBP 1.65bn.
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