CMS Cameron McKenna has acted on another major transaction for the Royal Bank of Scotland (RBS), advising the bank on its disposal of 47 Marriott hotels in a deal worth around £1bn.

Camerons fielded a team headed by corporate finance partner Louise Wallace and corporate partner Chris Southorn to advise RBS on the sale of the UK-based hotels to Israeli investor Delek Real Estate.

Camerons landed the high profile role ahead of magic circle giant Linklaters, which traditionally provides RBS with much of its transactional advice.

Camerons also acted on the initial purchase of the properties last April, when RBS acquired the hotels from a Whitbread-Marriott joint venture for £951m. Slaughter and May advised Whitbread on that sale, with US firm Gibson Dunn & Crutcher acting on behalf of Marriott.

Gibson Dunn again acted for Marriott on the latest sale, with City-based partners Alan Samson and Wayne McArdle leading on real estate and corporate issues respectively.

Although Olswang and Nabarro Nathanson have both previously advised Delek in the past, neither firm is thought to be acting for the client on the Marriott acquisition.

The deal, which was signed last week, is expected to close in March.