Thursday , June 1 2023

Launching new hotel products in Qatar and London


The new negotiations launched by Qatar continued the buying trend since the Arab boycott began on June 5, 2017. Doha has made several transactions to buy hotels that are popular in the United States, Great Britain and Europe.

Qatar has agreed to buy one of London's most famous hotels, Grosvenor House. Despite the boycotts imposed by neighboring countries on oil revenues, the wealthy Gulf states could keep buying trends. Saudi Arabia, the United Arab Emirates, Egypt, and Bahrain. "

The acquisition of Grosvenor House in Park Lane in London's upscale Mayfair area was agreed Tuesday with the private equity firm Ashkenazi Acquisition Corp., . Soon we will acquire a new hotel in Europe.

The Qatari government has been buying the most famous hotels and luxury properties in Western Europe over the past decade as part of a $ 300 billion sovereign wealth fund campaign to diversify wealth in oil and gas exports, the report said.

Qatar, the world's largest liquefied natural gas (LNG) exporter, has Savoy and Conot in London and Harrods.

The Guardian chief in the UK commented on the deal, saying it was a series of up-to-date information on the acquisition of capital assets.

Mansoor Ibrahim Al Mahmoud, one of the largest acquisitions and acquisitions since taking office as the chief executive officer of Qatar's investment banking (QIA), was one day after Qatar Emir announced the restructuring of the Qatar Investment Authority (QIA) .

"QIA has done about 60 transactions, especially in Europe and the US since 2015," Lusail said.

In July, Qatar agreed to acquire Plaza Hotel, one of New York's iconic architectural icons, for about $ 600 million to add US property owned by US President Donald Trump to its luxury property portfolio, Reuters reported.

Katara, owned by Qatar, will acquire full ownership of the hotel, including 75% of Sahara India Pariwar Group in India, sources familiar with the deal said in an interview with Reuters, because the deal was not announced.

Bloomberg News, Bloomberg News, Bloomberg News, Bloomberg News, Bloomberg News, Bloomberg News, Bloomberg News, Bloomberg News, Bloomberg said it plans to sell three European hotels operated by Intercontinental.

Information sources said that the Qatar Investment Authority did not appoint a broker at the "Amsterdam, Frankfurt" hotel, but the source was not revealed due to the confidentiality of the talks. The final decision has yet to be made.

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