HVS EMEA Hospitality Newsletter – Week Ending 8 March 2013

HVS EMEA Hospitality Newsletter – Week Ending 8 March 2013


According to The Times, Abu Dhabi Investment Authority is set to acquire 42 Marriott hotels across the UK controlled by the Royal Bank of Scotland for £640 million. The portfolio was acquired for around £1.2 billion in 2007, by a consortium of Quinlan Private and Israeli investors Blenheim Property Group and Delek Global Real Estate, but fell into receivership almost two years ago. Marriott International’s long-term operating agreement for the hotels is said to be unaffected by the sale.

20
Like
Save

Comments

%d bloggers like this: