RBS to sell its remaining six Hilton hotels
The Royal Bank of Scotland (RBS) is putting the six remaining Hilton Hotels it owns on the market, for a total asking price of £200m.
The portfolio includes the 181-bedroom Hilton Warwick, the 334-bedroom Hilton Brighton Metropole, the 170-bedroom Hilton St Anne's Manor in Bracknell, the 319-bedroom Hilton Glasgow (pictured), the 96-bedroom Hilton Glasgow Grosvenor and the 821-bedroom Hilton Manchester Airport.
CB Richard Ellis Hotels is handling the sale on behalf of RBS, which has already sold three other Hilton properties in the UK this year, for £40m.
RBS has recently sold the 1,019 Cumberland hotel in London, which is managed by Guoman Hotels, for around £215m and is believed to be close to finalising the sale of the nearby 494-bedroom Grosvenor House hotel in Park Lane, a JW Marriott hotel, for more than £500m.
The beleagured bank is currently attempting to sell all its non-core businesses in an attempt to return to profitability after losing £3.6b in 2009 and £24.3b in 2008.
Cumberland Hotel is sold for around £215m >>
Grosvenor House put on market for £600m >>
£10b takeover of Hilton Hotels >>
By Janet Harmer
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