Norwich Union in talks with Hilton to acquire 13 hotels

Norwich Union in talks with Hilton to acquire 13 hotels

Norwich Union is believed to be in negotiations with Hilton Group to acquire 13 of its hotels for around £80m.

Industry sources say the hotel chain is talking to Norwich Union which is interested in 10 of the 13 for a price of £80m. If successful, Norwich Union is expected to award a management contract to midmarket hotel chain Jarvis. Hilton group had earmarked eight for disposal before it acquired Stakis this year and afterwards decided to sell another five.

A spokeswoman for the company admitted it was in talks to sell 13 properties but refused to comment further.

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