RBS set to take control of Jarvis Hotels in bid to recover £130m | irishtimes.com
ROYAL BANK of Scotland is set to seize control of Jarvis Hotels, the troubled hotel operator, as the lender looks to claw back £130 million (€151 million) of debt. The bank, which has teamed up with private equity group PatronCapital, is preparing to push Jarvis through a pre-pack administration that would allow it to acquire 20 hotels the group owns under freehold.