Israeli investor Igal Ahouvi has teamed up with Israeli property company Delek Real Estate and Irish investor Quinlan Private to buy 47 Marriott hotels in the UK for around £1bn.
In a statement issued yesterday in Israel Delek said it was in advanced talks with its partners to buy the hotels from the Royal Bank of Scotland and Marriott International. Delek said the hotels had 8,450 rooms and that Marriott would continue to manage them for at least 30 years.
‘The Marriott deal adds to the deal we did at the end of 2005, buying the Hilton hotel chain in Britain,’said Ilik Rozansky, chief executive of Delek Real Estate. The company owns 63 UK hotels.