FIVE MORE PROP­ER­TIES FOR KATARA

Katara Hos­pi­tal­ity, the Qatar-based global owner, de­vel­oper and op­er­a­tor of iconic ho­tels, con­firmed the ac­qui­si­tion of five prop­er­ties in key Euro­pean cities from a pri­vate in­vestor.

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The com­pany has ac­quired the In­ter­Con­ti­nen­tal Carl­ton Cannes, the In­ter­Con­ti­nen­tal Am­s­tel Am­s­ter­dam, the In­ter­Con­ti­nen­tal Madrid, the In­ter­Con­ti­nen­tal Frank­furt, and the lease­hold in­ter­est in the In­ter­Con­ti­nen­tal De La Ville Rome. The ac­qui­si­tion brings Katara Hos­pi­tal­ity's global port­fo­lio to 32 ho­tels op­er­a­tional or un­der devel­op­ment, top­ping its long-es­tab­lished goal of 30 prop­er­ties by 2016.

His Ex­cel­lency Sheikh Nawaf bin Jas­sim bin Ja­bor Al Thani, Chair­man of Katara Hos­pi­tal­ity, said on the oc­ca­sion: “We are de­lighted to be able to add these five ho­tels to our port­fo­lio of iconic prop­er­ties across the world. This deal pro­vides a ma­jor ex­pan­sion of our foot­print, both ge­o­graph­i­cally and in terms of our ho­tel op­er­a­tor part­ners.”

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