>RBS May Take Marriott Hotel Stake in Restructuring

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>(Hospitality Business News) According to the SundayTimes Royal Bank of Scotland Group Plc is close to taking a stake in 42 Marriott hotels as part of a debt restructuring.

Quinlan Private, renamed Avestus Capital Partners, and a group of Israeli investors borrowed 900 million pounds ($1.4 billion) from banks including RBS in 2007 to buy the hotels, the newspaper said. After the investment defaulted, the banks are expected to swap around 200 million of debt for equity next month

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