Vector Hospitality’s cancelled flotation last week has sparked a flood of interest from private property investors keen to buy the £2.6bn of hotel assets that were to have been acquired by the REIT. The Times
The Royal Bank of Scotland, which was due to sell 15 hotels to Vector for £1.07bn, is expected to be the first to complete a sale. The favourite to buy the hotels is Robson Asset Management, a new investment vehicle set up by Jeremy Robson, who left RBS last month after eight years.
RAM is believed to be bidding about £1.1bn for portfolio, which includes 12 Hiltons, the Cumberland Hotel in London and the Park Inn at Heathrow.