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Tuesday, 11 April 2017

Subsidiary of Qatar’s Al Fardan purchases Carlton Downtown hotel in Dubai | The National

Subsidiary of Qatar’s Al Fardan purchases Carlton Downtown hotel in Dubai | The National:

"Dubai’s Carlton Downtown hotel on Sheikh Zayed Road has been bought by a unit of the Qatari conglomerate Al Fardan Group in a rare hotel investment deal in the emirate. Al Fardan announced on Tuesday that it had purchased the 47-storey tower, formerly known as the Warwick Hotel, comprising 357 rooms, seven restaurants and bars – and home to Dubai’s highest open-air rooftop pool – through its The First Investor subsidiary. The hotel is believed to have changed hands for about Dh500 million, according to sources close to the deal."



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