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.
Bahraini hotel group to buy Dubai’s Gulf Court Hotel Business Bay
The Gulf Court Hotel Business Bay in Dubai has 269 rooms and suites offering views of the Dubai Canal or the city.
Accor to buy 50 percent stake of Sam Nazarian’s Sbe, deal valued at USD 319 million
The purchase marks the latest example of Accor’s recent acquisition spree, with the French group agreeing to buy Chile’s Atton Hoteles last month.
OMRAN and Majid Al Futtaim to develop USD 13 billion Madinat Al Irfan
Madinat Al Irfan will feature more than 11,000 residential units comprising villas, townhouses and apartments, 100,000 m2 of retail space, 700,000 sqm of office space, as well as a number of cultural and lifestyle offerings.
US Export and Franchise Strategies
Naaman Tayyar, US Commercial Service of the US Embassy, Beirut, sheds light on how to grow your business locally
Luxury hotel units available for purchase in Bitcoin at Al Mahra Resort by Cristal in Ras Al Khaimah
Featuring 548 rooms, suites and villas, the property is offering buyers the opportunity to purchase the units under strata title.
Alpen Capital estimates GCC hospitality industry to reach USD 32.5 billion by 2022
The industry is gearing up for the huge influx of tourists for mega events, the report said.