| The Abu Dhabi Investment Authority (ADIA) is a major purchaser of U.S. institutional real estate through various sub-entities. It often buys partial interest ownerships with leading real estate managers. Gulf sovereign wealth investors are keen to hotels, especially in gateway cities.
By interpreting data through the Sovereign Wealth Fund Institute’s transaction database, ADIA has been a direct investor in hotels for quite some time. For example, ADIA through a subsidiary was the majority owner of the 1,190-room Hilton San Diego Bayfront which they sold for $475 million to Sunstone Hotel Investors in mid-April 2011...............................................Full Article: Source
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