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Indian investor bidder for 42 Marriott Hotels

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Press Turst of India Error : Place
Last Updated : Jan 20 2013 | 3:11 AM IST

Little known Indian property investor Blue Mountain Real Estate Advisors has been selected as the preferred bidder for 42 Marriott hotels throughout Britain after it offered £750 million, a media report has said. The holding company for the portfolio of hotels collapsed under the weight of about £900 million of debt, most of it held by Royal Bank of Scotland (RBS). Blue Mountain Real Estate Advisors, a part of the Mumbai-based India Blue Mountain group, is understood to have been granted a period of exclusivity by RBS to put together funding for a deal, The Times said in a report.

 

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First Published: Mar 30 2012 | 12:08 AM IST

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