The Royal Bank of Scotland (RBS) has sold a portfolio of 47 Marriott Hotels to a consortium led and advised by Irish private equity group Quinlan Private (QP) and Israeli real estate investor Igal Ahouvi Group (IA Group) for £1.1 bn (EUR 1.6 bn).
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
