The joint venture that acquired 47 Marriott Hotels in the UK for EUR 1.6 bn in April has sold five 'non-core' hotels in the portfolio for £69 mln (EUR 96 mln). The hotels sold off are in Derby, Sheffield, Solihull, Grantham and Inverness. The sale was disclosed in the third quarter figures published by Delek Global Real Estate on Monday. It said the five hotels were sold off well above the purchase price of £36 mln to hotel and conference centre operator Principal Hayley.
The joint venture that acquired 47 Marriott Hotels in the UK for EUR 1.6 bn in April has sold five 'non-core' hotels in the portfolio for £69 mln (EUR 96 mln). The hotels sold off are in Derby, Sheffield, Solihull, Grantham and Inverness. The sale was disclosed in the third quarter figures published by Delek Global Real Estate on Monday. It said the five hotels were sold off well above the purchase price of £36 mln to hotel and conference centre operator Principal Hayley.
Delek Global Real Estate, a wholly-owned subsidiary of the Israeli company Delek Belron International, held a 17% stake in the Marriott portfolio. The other members of the joint venture that acquired the 47 hotels from Royal Bank of Scotland were Ireland's Quinlan Private and Israeli businessman Igal Ahouvi.
