Travel Magazine

The Qatar Sovereign Fund Wants to Sell Three Luxury Hotels in Europe

By Poundtravel
The Qatar sovereign fund wants to sell three luxury hotels in Europe

luxury hotels in Europe

Qatar‘s sovereign investment fund (QIA) is considering selling three hotels in Europe operated by InterContinental, sources told Bloomberg that they wanted to remain anonymous.

Best Luxury Hotels in Europe – TripAdvisor Travelers’ Choice Awards

Best Luxury Hotels in Europe – TripAdvisor Travelers’ Choice Awards: See the best hotels in the world as determined from ratings by travelers like you. QIA representatives did not comment on the information.

QIA will hire brokers for the possible sale of properties in Cannes, Amsterdam and Frankfurt, although no final decision has yet been taken, sources say.
QIA, which has assets of approximately $ 320 billion, bought these hotels in 2014.
The QIA Hotel Division, Katara, also owns other accommodation units in Europe, including Le Royal Monceau, Raffles Paris in the capital of France, Hotel Schweizerhof in Berne and The Westin Excelsior in Rome.

In recent months, the Gulf State has withdrawn money from the QIA to mitigate the economic impact of trade sanctions and travel bans imposed on Qatar in June 2017.

The United Arab Emirates, Saudi Arabia, Bahrain and Egypt are accusing Qatar of providing support to Iranian regional enemies as well as Islamist militants. Doha denies the accusations and says his rivals are trying to dictate his foreign policy.


You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • On a Beautiful Summer Day

    Beautiful Summer

    Read more

    8 hours, 29 minutes ago by   Vickilane
    CREATIVITY, PHOTOGRAPHY
  • Russell’s Reserve Whiskey Review

    Russell’s Reserve Whiskey Review

    This single cask of Wild Turkey Whiskey was selected by PlumpJack in San Franciso and, like all RR SiB releases, bottled at 55% ABV (110 proof). Read more

    10 hours, 49 minutes ago by   Josh Peters
    DRINK
  • Russell’s Reserve Bourbon Whiskey Review

    Russell’s Reserve Bourbon Whiskey Review

    Do you love whiskey? Do you love bourbon? Do you love Wild Turkey? If you answered yes to all of those questions then you’d probably love a glass of Russell’s... Read more

    10 hours, 54 minutes ago by   Josh Peters
    DRINK
  • FFS Friday - Soulless

    This week it has come to my attention that Tiger is trying to kill me. He's a clever man so he's not doing it by traditional means, he's doing it slowly via... Read more

    12 hours, 15 minutes ago by   Glossqueen
    HAIR & BEAUTY, SELF EXPRESSION
  • Take the Shot: Captain Morgan Apple Smash for National Rum Day

    Take Shot: Captain Morgan Apple Smash National

    They say "An apple a day keeps the doctor away." We wonder what a shot of apple rum will do! Just in time for National Rum Day, every's favorite rum captain... Read more

    12 hours, 20 minutes ago by   Glasgow Skinner/ My Life On And Off The Guest List
    FASHION, HAIR & BEAUTY, LIFESTYLE
  • Book Club for Menopause Goddesses

    Book Club Menopause Goddesses

    Today's post highlights two wonderful books that should live on every Menopause Goddess's bookshelf. From Dinner Date to Soulmate by Cynthia Spillman and Come... Read more

    14 hours, 16 minutes ago by   Lynettesheppard
    HEALTH, MEDICINE, WOMEN'S ISSUES
  • Stone Fruit Tea Cake

    Stone Fruit Cake

    (recipe adapted from Table for 2) Ingredients:1 Tbsp butter (for greasing pan)150g Blue Jacket Cake Flour½ tsp baking powder80g fine sugar 80g Cowhead salted... Read more

    14 hours, 29 minutes ago by   Cathysjoy
    FOOD & DRINK, RECIPES

Magazine