Camerons and gibson dunn bag hotel sale

CMS Cameron McKenna and Gibson Dunn & Crutcher both secured roles on the Royal Bank of Scotland’s (RBS) disposal of 47 Marriott hotels to an Israeli consortium led by Delek Real Estate. Camerons, led by corporate partners Louise Wallace and Chris Southorn, is advising longstanding client RBS on the reputedly £1bn deal. Gibson Dunn, led by European head of real estate private equity Alan Samson and corporate finance partner Wayne McArdle, won the instruction from Marriott, which will continue to manage the hotels. Delek did not disclose its legal adviser, but did not instruct historic counsel Olswang or Nabarro Nathanson. The consortium also comprises First International Bank of Israel and investment group Electra.