Thursday 17 July 2014

Abu Dhabi wealth fund eyes local hotel assets | The Australian

Abu Dhabi wealth fund eyes local hotel assets | The Australian:



"ONE of the world’s largest sovereign wealth funds, the Abu Dhabi Investment Authority, could be searching for more property in Australia, according to the head of its hotel investments division.



Mike Goodson, visiting Sydney for the first time since concluding a record-breaking $800 million purchase of Australia’s largest hotel owner, Tourism Asset Holdings in September last year, said his phone was ringing regularly.



“We’re still very open (to acquisitions), we are working on the financing already, and we may well invest further if there is the right opportunity,” he said."



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