The value and location of the hotels were immediately available but BIL said the sale was part of a portfolio reshuffling at Thistle, which owns or manages 54 hotels and is 100-percent owned by BIL International Ltd
"We have appointed UBS. We were looking at a sale, management contract transaction," Arun Amarsi, BIL's chief executive officer, told Reuters by telephone.
One hotel outside of London may also be sold, Amarsi added.
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