Friday, January 14, 2011

RBS sells four Hilton hotels

Cowell Group Investors, the company run by Nicholas Cowell, brother of X Factor creator Simon Cowell, has bought four Hilton hotels from the Royal Bank of Scotland for over £100m on behalf of Marcus Cooper.
The hotels are in Manchester, Statford-upon-Avon, Brighton, and Berkshire, and are all being sold as part of RBS’s six-strong Hilton portfolio.

MCPG, which bought the hotels, is a 100% owned subsidiary of the St John’s Wood-based Marcus Cooper Group, which was founded in 1991. It was an all-equity purchase.

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