ECI sells Laterooms.com

UK buyout shop ECI Partners this weekend appeared to be in the final stages of selling Internet hotel-booking site Laterooms.com to travel company First Choice in a Pounds 108 million ($211 million) transaction, according to The Sunday Times. The company claims to hold about 12% of the UK online hotel-bookings market. Meantime, First choice continues to seek buyers for its main business providing pre-packaged vacations. www.ecipartners.com