Sale of Hilton Glasgow City Hotel

RNS Number : 7693O

Royal Bank of Scotland Group PLC

22 September 2011

 

The Royal Bank of Scotland Group plc - Sale of Hilton Glasgow City Hotel

RBS sells Glasgow City Hilton Hotel to Topland Group

The Royal Bank of Scotland Group plc ("RBS") announces today the sale of the Hilton Glasgow City hotel to Topland Group for £35.7 million in cash. This marks the completion of the sale of all 11 hotels in the Bank's Hilton portfolio in its Non-Core Division and shows the continued progress it is making in the asset reduction element of its strategic plan.

As at June 2011, RBS has reduced its Non-Core assets by £145bn since the Non-Core Division's inception in 2009.

Investor Relations

Alexander Holcroft

[phone]

[phone]

Media Relations

RBS UK Press Office

[phone]

 

END

 

 

DISUUASRAWAKUAR