Tuesday 1 May 2018

Qatar’s Wealth Fund Denies It’s Mulling Sale of European Hotels - Bloomberg

Qatar’s Wealth Fund Denies It’s Mulling Sale of European Hotels - Bloomberg:

"Qatar Investment Authority’s hotel division said it doesn’t plan to sell properties in Europe, after Bloomberg News reported it is weighing the disposal of two assets operated by InterContinental. “There’s no intention to sell any of these assets and it’s not even a topic that was discussed,” Sheikh Nawaf bin Jassim bin Jabor Al Thani, chairman of Katara Hospitality, said. Katara is a hotels unit of QIA. QIA has yet to appoint brokers for a possible sale of the properties in Cannes and Amsterdam, people familiar with discussion told Bloomberg earlier, asking not to be identified because the talks are private. A final decision about a sale has yet to be made, they said."



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