Arab Today, arab today qatar abu dhabi bid for 42 uk hotels
Last Updated : GMT 12:02:44
Arab Today, arab today
Arab Today, arab today

Qatar, Abu Dhabi bid for 42 UK hotels

Arab Today, arab today

Arab Today, arab today Qatar, Abu Dhabi bid for 42 UK hotels

Abu Dhabi - Agencies

Qatar and Abu Dhabi are both in talks to acquire 42 UK-based Marriott hotels, in a deal worth up to ?700m ($1.08bn), it has been reported. The sale is being administered by state-owned Royal Bank of Scotland Group (RBS) and the highest bid has allegedly come from the Qatar Investment Authority (QIA), who has teamed up with the Blue Coast Indian hotel chain as part of the deal. The Abu Dhabi Investment Authority (ADIA) is still hoping to win the deal, the Sunday Times said. A decision is expected to be made by RBS in the coming weeks, a source told the newspaper. The hotels were previously owned by the Whitbread hospitality chain, which is currently restructuring its debts. Winning the deal would be the latest trophy asset for the QIA, which also owns stakes in German carmakers Volkswagen, Porsche, US-based jewellery retailer Tiffany’s and LVMH, the French luxury group which owns Louis Vuitton. The Doha-based investment firm also owns the London department store Harrods.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar abu dhabi bid for 42 uk hotels Arab Today, arab today qatar abu dhabi bid for 42 uk hotels

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar abu dhabi bid for 42 uk hotels Arab Today, arab today qatar abu dhabi bid for 42 uk hotels

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday