WHITBREAD, which claims to be the UK's leading hospitality company and long time owner of most of the UK Marriot hotels, has finally disposed of its 46 property portfolio to Royal Bank of Scotland, itself now with a impressive portfolio of room accommodation.
With nearly ”1bn realised the former brewer plans to develop its Premier Travel Inn product. In the UK it currently operates over 470 hotels with more than 31,000 rooms. It has announced a joint venture agreement with Emirates Group to launch the budget hotel brand in the Gulf region.
www.whitbread.co.uk
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