| Qatar Investment Authority is acquiring joint control of a portfolio of luxury European hotels including the Carlton InterContinental in Cannes and Amsterdam’s Amstel InterContinental.
The Qatari sovereign wealth fund’s Katara Hospitality unit is also taking joint control of InterContinental hotels in Frankfurt, Madrid and Rome, according to a notice on the website of the European Commission’s competition authority. The hotels are managed by and will continue to be jointly controlled by the U.K.’s InterContinental Hotels Group Plc............................................Full Article: Source
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