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Private investment firm attempts to buy Westin hotels By Susan Allen
Gulf Financial Resources, a private investment company specializing in real estate acquisitions, is seeking to buy the assets of Westin Hotels & Resorts from Allegis Corp.
"We've been qualified as a finalist in the negotiations," says Henri A. Soussan, a principal with Houston-based GFR.
Soussan says the pruchase would include 23 hotels, nine of which are wholly owned by Westin. The remaining 14 hotels are owned in part by Westin, either in joint ventures or limited partnerships. the buyout would also include management contracts on 44 hotels.
No acquisition price has been …