(Sept 29): Investors looking to buy at least 51% of the property unit of French hotel group AccorHotels are due to submit their letters of intent in October, French daily Les Echos said on Friday.

French asset manager Amundi, U.S. property group Colony North Star, Singapore's sovereign wealth fund GIC and Saudi Arabia's Public Investment Fund have been in the running for several months though other contenders could jointhe race, the paper said, without citing its sources.

AccorHotels declined to comment while Amundi, Colony NorthStar, GIC and PIF could not be immediately reached for comment.

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