Sun, May 3, 2015
A A A
Welcome asarmad
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment

Abu Dhabi fund buys 31 Accor hotels for $740mln

Posted on 16 September 2013

Sovereign wealth fund Abu Dhabi Investment Authority (ADIA) has bought 31 Accor-branded hotels across major cities in Australia. ADIA’s acquisition of Sydney-based Tourism Asset Holdings Limited (TAHL), Australia’s largest owner of hotels, for about AUD$800m ($743m) will see the properties continue to be managed by the Paris-based operator.
“We chose to run a discreet, targeted sale process and we were very pleased with the response we received, which is a testament to the strength and performance of the underlying portfolio,” said TAHL CEO Matthew Eady………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 16177 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
M T W T F S S
« Apr    
 123
45678910
11121314151617
18192021222324
25262728293031