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Royal Bank of Scotland (RBS.L: Quote, Profile, Research) has sold 47 Marriott hotels in Britain for 1.1 billion pounds ($2.2 billion) to a group of investors led by Irish private-equity group Quinlan Private and real-estate investor Igal Ahouvi Group 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 (MAR.N: Quote, Profile, Research) 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. Reuters Pictures Photo Editors Choice: Best pictures from the last 24 hours. View Slideshow The portfolio will add to the group's existing hotel assets, which include the Four Seasons hotels in Dublin, Prague and Budapest, the Maybourne Hotel Group in London and Targa Hotels in central Europe. | Daily Extras! Eclat Me | Success Tip of the Day| 1DailyDiversion| Eclat Web - Must Visit Websites! A Beautiful Pic Every Day! Word of the Day| Quotation of the Day| Make Money! Immigration News! Desire- WOW Stuff! Stock Mkt Updates |
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