- The U.K. resort operator has been owned by Blackstone (BX) since 2006 and could be worth as much as $3.75B in an IPO or sale, reports the WSJ, though sources caution it's early in the process and the numbers could change.
- Blackstone decided after Christmas to begin a formal sale and this week sent requests for proposals from banks who may want to manage the IPO/sale. Their pitches are expected in mid-February.
- Previously: Blackstone weighs options on Center Parcs ahead of possible IPO (July 31, 2014)