Qatar, Abu Dhabi Bidding for 42 U.K. Marriott Hotels, Times Says

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The Qatar Investment Authority and Abu Dhabi Investment Authority are bidding to buy 42 Marriott International Inc. hotels in England, the Sunday Times said, without saying where it obtained the information.

The sale is being administered by Royal Bank of Scotland Group Plc and may yield as much as 700 million pounds ($1.08 billion), the newspaper said.