CityCenter is jointly owned by a wholly owned subsidiary of MGM Resorts International and Infinity World Development Corp (a wholly owned subsidiary of Dubai World).
Challenges are numerous as we progress in certain cities with new projects whereby the cost of construction is key.
USD 1 billion joint sustainable hospitality fund launched by Katara Hospitality and Accorhotels dedicated to Sub-Saharan African countries
It will target greenfield projects, brownfield projects and conversions of existing hotels through acquisitions, in a region which offers robust growth opportunities.
CityCenter, which is 50 percent owned by a wholly owned subsidiary of MGM Resorts International and 50 percent owned by Infinity World Development Corp (a wholly owned subsidiary of Dubai World.
H.H. Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has unveiled three ground-breaking real estate projects for the emirate. Valued at USD 735 million, the three projects are the result of a joint venture between the Sharjah Investment and Development Authority, Shurooq, and...
Abu Dhabi-based investor Twenty14 Holdings, a Lulu Group International subsidiary bought Edinburgh’s Waldorf Astoria-The Caledonian for £85 million sale (USD 117 million), reported Hotel Management. The deal is considered the biggest hotel sale in Scotland since 2015, and the largest in the U.K over the past year. The...