Quinlan and Ahouvi team up for £1.1bn Marriott hotels buy

Quinlan Private and Israeli investor Igal Ahouvi Group have joined forces to buy 47 Marriott Hotels from Royal Bank of Scotland for £1.1bn. The portfolio of 47 four and five-star UK luxury hotels includes 8,500 rooms managed by Marriott on 30 year leases. Ahouvi entered talks to buy the portfolio from RBS last year and has now sold 44% of the portfolio to Quinlan Private with Israeli group Delek Real Estate taking a circa 20% stake. This transaction is the first major investment by the London office of Irish investor Derek Quinlan’s Quinlan Private.