Qatar National Hotels will look to Europe and the United States for its next acquisition after the state-owned hotel group bought Raffles hotels in Paris and Singapore this year, its chairman said on Monday.
"Considering the recession in Europe and the very low asset prices ... we see huge acquisition opportunities in Europe and the U.S.," Sheikh Nawaf bin Jassim bin Jabor al-Thani told reporters.
In January, QNH took over two Raffles Hotels & Resorts' including its flagship Singapore hotel in its first foray outside the Middle East. It also owns a hotel in the Egyptian Red Sea resort of Sharm el-Sheikh as well as properties in Qatar.
No comments:
Post a Comment