Scottish Bank Sells Forty Seven Marriott Hotels
JANUARY 2, 2006. The Royal Bank of Scotland Group (RBS) has struck a lb1.1 billion deal to sell 47 Marriott hotels across the UK to a subsidiary of Israel's Delek Real Estate Ltd. and a selection of partners, according to The Daily Telegraph newspaper.
RBS had bought 46 of the hotels from a joint venture between Whitbread PLC and Marriott International Inc. (MAR) last April for GBP951 million, paying an additional GBP30 million for a separate Marriott development, according to the newspaper.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
