17.06.2013 - Qataris poised for discounted buy of iconic Barcelona hotel
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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