Emaar confirms discussion over sale of hotel assets is ongoing - The National:
Emaar Properties, Dubai's biggest listed developer, is in discussions with potential investors for the sale of some of its hotels.
The company will announce relevant details should the discussions materialise in a final transaction, Emaar Properties' general counsel and board secretary Ayman Hamdy said in a note to the Dubai Financial Markets on Thursday.
Emaar’s note comes amid market speculation that Abu Dhabi National Hotels was in talks to buy assets from the Dubai developer.
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