Tuesday, January 02, 2007

Tourism: Israel's Delek Belron International to buy Marriot hotels

Israel's Delek Belron International, a unit of Delek Real Estate, said its foreign subsidiaries had agreed with partners to acquire 47 hotels managed by the Marriott hotel chain in Britain.

Although the company did not name its partners Globes financial newspaper said on its website they included other Israeli companies such as Electra Real Estate and businessman Egal Ahouvi.
The vendor is reported by Bloomberg to be the Royal Bank of Scotland.