Ulster Bank ‘weighs sale of hotel assets’

Royal Bank of Scotland Group is weighing up the sale of over €400m of Irish hotel assets.

Ulster Bank ‘weighs sale of hotel assets’
Thu, 27 Mar, 2014 - 00:00
Neil Callanan and Joe Brennan

The lender’s Irish unit, Ulster Bank, would sell loans and lodgings in portions to generate more income, said sources.

The bank is also considering selling development land, in tranches, the people said.

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