The long mooted deal to sell the 47 Marriotts sold by Whitbread looks finally set to close with a £1.05bn price tag being touted.
The properties were bought back in April for £951m by the Royal Bank of Scotland and now Igal Ahouvi, together with Israeli investment company Delek and Irish consortium Quinlan Private, are about to seal a deal.
The news of the negotiations came from Delek via an announcement on the Tel Aviv stock exchange. It said it will end up with a holding of between 17% and 19% if the deal closes.
Delek already owns 16 UK hotels, all Hiltons, bought a year ago in a deal that also involved a consortium of Israeli investors put together by Igal Ahouvi. Delek holds 18% of these hotels.
The original deal involved 15 hotels sold for £418m with a 16th, the Hilton Edinburgh Airport, bought separately.