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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Qatar’s Katara in talks to buy ‘iconic’ hotels in London to Rome

Posted on 10 May 2013

Katara Hospitality is in talks to buy “iconic” hotels in London and Rome as the unit of Qatar’s sovereign-wealth fund seeks to more than double its properties by 2030, said Chief Operating Officer Christopher R.J. Knable.
Katara, which bought Le Royal Monceau in Paris in 2012, will open the 16th-century Peninsula Paris this year after renovations are complete, Knable said in an interview in Dubai. He wouldn’t be more specific about the hotels the company may buy. Katara Hospitality, which is owned by Qatar Holding LLC, has also signed agreements with the governments of Gambia and Maldives to develop properties………………………………….Full Article: Source


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