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Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi Fund said close to buying RBS’s 42 Marriott Hotels

Posted on 18 February 2013

The Abu Dhabi Investment Authority is close to buying 42 hotels managed by Marriott International (MAR) Inc. and controlled by the Royal Bank of Scotland, according to a person familiar with the situation.
The sovereign wealth fund, also known as ADIA, has been a preferred bidder since last summer and the sale includes hotels in London and Edinburgh, the person said, asking not to be identified because the deal hasn’t been made public………………………………………..Full Article: Source


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