StockMarketWire.com - Hospitality company Minoan Group said its proposed hotel project in Create had attracted interest from a number of parties, including potential investors and operators.

The company said it had entered into non-disclosure agreements with certain parties and expected to enter into a number of others as discussions progressed.

'Discussions are at an early stage and, whilst the board remains confident that the unique nature of the project enhances its desirability and gives it substantial value, it is too early at present to comment further as to the outcome and timing of these discussions,' Minoan said.

'In parallel, the company is pushing ahead with technical aspects of the project to ensure they are sufficiently advanced to be ready for investor and operator input.'

Minoan gave the update while noting the proposed sale of its Stewart Travel business had 'an unduly negative' impact on its share price.


At 9:22am: [LON:MIN] Minoan Group PLC share price was -0.05p at 3.2p



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