CityCenter sells Mandarin Oriental Las Vegas for USD 214 million

CityCenter sells Mandarin Oriental Las Vegas for USD 214 million

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).

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Louvre Hotels’ Amine Moukarzel highlights the global shift impacting the MENA region

Louvre Hotels’ Amine Moukarzel highlights the global shift impacting the MENA region

Challenges are numerous as we progress in certain cities with new projects whereby the cost of construction is key.

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USD 1 billion joint sustainable hospitality fund launched by Katara Hospitality and Accorhotels dedicated to Sub-Saharan African countries

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.

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Vis Mundi increases its share in EgySwiss, a large Egyptian FMCG firm

Vis Mundi increases its share in EgySwiss, a large Egyptian FMCG firm

gySwiss is an Egyptian market leading company in high-quality processed meat, fish and poultry.

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The Revival of Egypt’s Tourism Industry

The Revival of Egypt’s Tourism Industry

Karim Khalife, partner at Y2 Consulting, sheds light on the country’s much-anticipated revival

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Tehran Dawn of a New Era

Tehran Dawn of a New Era

Ralph Nader, ‎CEO of Amber Consulting, offers a comprehensive analysis of business and investment opportunities in Tehran’s hospitality sector

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CityCenter, partially owned by a Dubai World subsidiary to sell the Mandarin Oriental Las Vegas

CityCenter, partially owned by a Dubai World subsidiary to sell the Mandarin Oriental Las Vegas

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.

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Mega projects launched in Sharjah

Mega projects launched in Sharjah

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...

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Abu Dhabi-based investor Twenty14 Holdings buys Edinburgh’s Waldorf Astoria-The Caledonian

Abu Dhabi-based investor Twenty14 Holdings buys Edinburgh’s Waldorf Astoria-The Caledonian

​ 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...

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