DuPont Co. is reportedly taking bids for the Hotel du Pont and the DuPont Country Club, according to a source and as reported by Delaware's The News Journal. The chemical company owns the 102-year hotel and suburban golf course, located in Wilmington, Del.
"We don't comment on rumors or speculation," company spokesperson Dan Turner told the news outlet. The company did say earlier this month it was open to the possibility of a sale.
The source said bids had been due by Wednesday.
As The News Journal writes, "Speculation about a possible sale of properties began last fall after activist investor Nelson Peltz called on the chemical company to reduce its non-core assets, including the country club and hotel. Peltz, who leads New York hedge fund Trian Fund Management, claimed DuPont's hospitality holdings are a portion of excess costs that cost the company as much as $4 billion."
The 217-room Hotel du Pont opened in 1911 and is currently part of Preferred Hotels & Resorts.