Monday, April 16, 2007

UPDATE 1-RBS sells $2.2bln UK Marriott hotels to consortium

(Reuters) - The portfolio of four- and five-star luxury hotels, with the majority located in England and five each in Wales and Scotland, is operated by Marriott International under the Marriott Hotels & Resorts brand, with 30 year management agreements which started in 2006.

Quinlan said in a statement on Monday that it is the single largest investor in the consortium and is investing on behalf of a group including Electra, First International Bank of Israel and Delek Real Estate.


Read more at Reuters.com Mergers News

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