Sunderland’s Marriott Hotel could be sold

Sunderland's Marriott Hotel in Seaburn
Sunderland's Marriott Hotel in Seaburn
0
Have your say

SUNDERLAND’S Marriott Hotel could soon be up for grabs.

The Royal Bank of Scotland has taken over control of almost 50 hotels in the UK – including the Marriott at Seaburn – after failing to reach a deal over loan repayments by the firm which owns the buildings, for whom Marriott runs the sites under a management agreement.

The bank has appointed financial specialists Ernst & Young’s Alan Bloom and Roy Bailey as joint administrative receivers to the British Virgin Islands-based Professional Ventures Corporation.

They are expected to put the hotels up for sale in the near future.

They insist the ownership change will not affect the operation of the venues.