An Israeli/Irish consortium is set to complete a £1b deal with Royal Bank of Scotland for 47 Marriot hotels.
Israeli property company Delek Belron Real Estate is expected to take a 17% share of the upmarket UK properties.
Other members of the syndicate include Israeli group Electra Real Estate, FIBI Investment and Dublin-based investors Quinlan Private.
The consortium is expected to provide £200m equity and has agreed a long-term loan of £850m from RBS to fund the acquisition.
Under the terms of the deal, Marriott will retain a 30-year management agreement for the 8,456 rooms, which include its flagship County Hall hotel in London.
By Emily Manson