RBS faces setback in £1.1bn hotels sell-off -Times

The 15 hotels were to have been sold to Robson Asset, an investment vehicle set up by Jeremy Robson, RBS’s former head of principal finance.

The postponement of the deal, due to have been completed last week, follows the collapse in June of a sale to the Vector Hospitality REIT. Vector cancelled a £2bn flotation that would have funded the purchase of 71 hotels worth £2.6bn, including the RBS package.RBS faces setback in £1.1bn hotels sell-off -Times

The debt market crisis has forced Royal Bank of Scotland to pull the sale of a £1.1bn package of hotel assets for the second time in two months.

The 15 hotels were to have been sold to Robson Asset, an investment vehicle set up by Jeremy Robson, RBS’s former head of principal finance.

The postponement of the deal, due to have been completed last week, follows the collapse in June of a sale to the Vector Hospitality REIT. Vector cancelled a £2bn flotation that would have funded the purchase of 71 hotels worth £2.6bn, including the RBS package.