Al Faisal buys Chicago hotel in global push

Qatar's Al Faisal Holding has bought the Radisson Blu Aqua Hotel in Chicago, adding another property to its growing portfolio of real estate assets around the world. By 2020 the group hopes to own 25 hotels in prime cities across the globe and currently has 18 properties in the Middle East, North America, South America and Europe either in operation or under development. In September last year, Al Faisal, a privately-held conglomerate active in the industrial, real estate and hospitality sectors, bought the W Hotel in London for £200 million (Dh1.16 billion). The Radisson deal was handled through Seldar Holdings, the North American investment arm of Al Rayyan Tourism and Investment, or Artic, Al Faisal's international hospitality subsidiary.Qatar's Al Faisal Holding has bought the Radisson Blu Aqua Hotel in Chicago, adding another property to its growing portfolio of real estate assets around the world. By 2020 the group hopes to own 25 hotels in prime cities across the globe and currently has 18 properties in the Middle East, North America, South America and Europe either in operation or under development. In September last year, Al Faisal, a privately-held conglomerate active in the industrial, real estate and hospitality sectors, bought the W Hotel in London for £200 million (Dh1.16 billion). The Radisson deal was handled through Seldar Holdings, the North American investment arm of Al Rayyan Tourism and Investment, or Artic, Al Faisal's international hospitality subsidiary.