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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Qataris poised for discounted buy of iconic Barcelona hotel

Posted on 17 June 2013

Qatar Investment Authority is reportedly within days of signing the acquisition of the flagship Hotel Vela in Barcelona at a significant discount. The Middle-East sovereign wealth fund is reportedly going to pay €200 mln, 23% down on the rumoured €260 mln development cost.
Located on the Barcelona waterfront, the five-star hotel was designed by architect Ricardo Bofill. The hotel is operated by W Hotels, a luxury brand of hotel chain Starwoods, and provides 473 guest rooms including 67 suites……………………………………Full Article: Source


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