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.
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.”