RBS hotel sale hopes to tap into rising confidence

 

Royal Bank of Scotland is looking for buyers for a second trophy London hotel as it attempts to cash in on rising investor confidence in the capital.

 

The bank has put a £220m asking price on the Cumberland at Marble Arch, W1, which is leased to Thistle Hotels and run under its Guoman brand.

 

It is the fourth time the bank has attempted to sell the hotel, which it bought as part of a £1.25bn sale-and-leaseback deal in 2001. The sale is not related to a distressed loan.

 

In 2007, the bank put the 1,019-bedroom hotel