RBS to sell Hilton portfolio for £1.1b

30 July 2007 by
RBS to sell Hilton portfolio for £1.1b

Royal Bank of Scotland Group (RBS) is reportedly poised to sell a £1.1b portfolio of mainly Hilton hotels to investor Jeremy Robson.

The move, reported in the Financial Times on Saturday, follows the group's £1.1b sale of 47 Marriott hotels in April.

Robson is the former head of principal finance at RBS and now runs his own investment group.

RBS declined to comment.

Royal Bank of Scotland buys 46 UK Marriott hotels for £951.4m >>

By Daniel Thomas

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