Thu, Dec 18, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi fund buys 31 Accor-branded hotels in Australian cities

Posted on 12 September 2013

Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, bought Australia’s largest owner of hotels, Tourism Asset Holdings Ltd., gaining ownership of 31 properties in major cities.
A subsidiary of the Abu Dhabi fund has signed a conditional contract to buy the closely held hotel owner, the Sydney-based company said in an e-mailed statement without disclosing a value. The hotels will continue to be operated by Paris-based Accor SA (AC), Tourism Asset Holdings said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15416 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031