The Caterer

Israeli property company Delek to buy 47 RBS hotels

16 November 2006 by
Israeli property company Delek to buy 47 RBS hotels

Israeli property group Delek Real Estate is in talks to buy 47 Marriott hotel properties from the Royal Bank of Scotland (RBS).

The deal, which is in partnership with lawyer Egal Ahouvi and Irish property investor Quinlan Private, is worth about £1b.

RBS bought the hotels from Condor, an interim joint venture between Whitbread and Marriott, for £951.4m in April this year.

Condor was set up in March 2005 when Whitbread decided to exit the UK four-star market.

Whitbread to sell Marriot hotels >>Whitbread website >>

Marriot website >>

E-mail your comments to Tom Bill]( to buy 47 RBS hotels) here.

Get your copy of Caterer and Hotelkeeper every week -

[Sudoku]( "A new puzzle every day!") Join the craze and play Sudoku online!
[Newswire For the latest hospitality news, sign up for our e-mail news alerts.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!