ADIA Ready to Purchase 42-Hotel Portfolio from RBS
Posted on 02/15/2013
In June 2011, the Royal Bank of Scotland Group Plc (RBS) took control of 42 Marriott-branded hotels in England, Scotland, and Wales. They assumed control of the £1 billion property portfolio following loan defaults. At the time, RBS owned £700 million of debt which was used to finance the purchase in a syndicated loan structure. […]
