AccorHotels and Mövenpick Hotels & Resorts finalize merger
With the close of this acquisition, AccorHotels has become the largest operator by room number in the Middle East and Africa.
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).
Coca-Cola buys Costa Coffee for USD 5 billion
The acquisition will expand the existing Coca-Cola coffee lineup by adding another leading brand and platform.
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.
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.
