Irish wealth management firm Quinlan Private and its partners behind the £1.1 billion purchase of 47 Marriott hotels in the UK earlier this year are to pocket £69 million from selling on five inns in the chain. Israel's Delek Real Estate - which owns 17 per cent of the portfolio, compared to Quinlan's almost 50 per cent stake - said the joint venture partners have almost doubled their money on the five hotels. In its third quarter figures, Delek said the five "non-core" hotels in Derby, Sheffield, Solihull and Grantham in England and Inverness in Scotland were valued at £36 million at the time of the purchase. The 47 four- and five-star luxury hotels, which Marriott will continue to manage under a 30-year agreement, are also co-owned by three other Israeli groups: Electra Real Estate, First International Bank of Israel and Dorea Investment & Developments. The portfolio was acquired in April this year from Royal Bank of Scotland and was the first major investment by Quinlan's recently opened London office.