Katara Hospitality acquires Plaza Hotel for USD 600 million
In May, Sahara agreed to sell the Plaza to Shahal Khan, founder of Dubai-based family office White City Ventures.
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.