Starwood Gatecrashes £2.5bn Center Parcs Sale

One of the world's biggest leisure groups has waded into the £2.5bn auction of Centre Parcs even as the holiday resort operator progresses plans for a stock market flotation. Sky News has learnt that US-based Starwood, a massive hotel operator, has teamed up with CVC Capital Partners, the biggest shareholder in Formula One (F1) motor racing, to mount a takeover of Center Parcs. The combined CVC-Starwood offer is competing against rival bids including one from Brookfield, a Canadian propert