Israeli investor Igal Ahouvi is preparing to sell six hotels from his UK Hilton portfolio.
Ahouvi has instructed Christie + Co to explore a £50m sale of the portfolio, which totals 800 bedrooms. The portfolio is expected to hit the market in September.
The hotels are located in regional city centres. The largest, the Hilton in Swindon, has 171 bedrooms. Other hotels in the portfolio include the 148-bedroom Hilton Newport in Wales, the 141-bedroom Hilton Basingstoke in Hampshire, and the 146-bedroom Hilton in Bromsgrove, Worcestershire.
Ahouvi originally bought a portfolio of 16 Hilton Hotels from Hilton Group in 2005 as part of a £380m deal through his Managed Hotels Unit Trust.
The six hotels are coming up for sale as their debt matures. The whole portfolio was originally bought using £358m of debt from a consortium including Royal Bank of Scotland and Bank of Ireland.
Ahouvi is working out a strategy for the remainder of the portfolio, which includes the Hilton London Olympia and Hilton Gatwick Airport.
Christie + Co declined to comment
