Starwood Capital could complete the sale of its high-end hotels held by its Groupe du Louvre unit in the next one to two months in a deal estimated at EUR700 million to EUR800 million, French business daily les Echos reported Wednesday on its website without citing sources.

According to the report, two bidders are still in the running: a consortium of investors from the Middle East, and French hotel group Accor SA (AC.FR) together with Franco-Dutch real-estate company Unibail-Rodamco SA (UL.FR).

Starwood, had acquired Groupe du Louvre, then called Societe du Louvre, in 2005, and has mandated UBS and Jones Lang LaSalle to manage the sale.

The hotels include the Hotel du Louvre and le Concorde Lafayette in Paris, le Martinez a Cannes, le Palais de la Mediterranee a Nice.

Newspaper Web site: http://www.lesechos.fr

-By Paris Bureau, Dow Jones Newswires; noemie.bisserbe@dowjones.com; 33-1-4017 1740

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