You are also sure to enjoy the personalized service here and also enjoy their varied cuisine. Their choice of rich brown colours and warm subtle tones is sure to impress you. Katara Hospitality, a hotel-centric subsidiary of Qatar’s sovereign wealth fund, closed Monday on a $600 million deal for full ownership of the Plaza Hotel. Katara Hospitality, a leading global hotel owner, developer and operator, based in Qatar, and AccorHotels, a world-leading travel & lifestyle group and digital innovator with a presence in 100 countries and c.4,500 hotels, announced the creation of an investment fund with a targeted investment capacity of over USD 1bn dedicated to hospitality in various Sub-Saharan African countries. Katara Hospitality General Information Description. Qatar’s Katara Hospitality has emerged as a surprise buyer of New York’s iconic The Plaza Hotel, according to people familiar with the matter.. Qatar’s Katara Hospitality, which owns and manages upscale hotels around the world for the Qatar government, has acquired full ownership of the 1907 property for about $600 million according to sources quoted by Reuters. Aspire Katara Hospitality (AKH) specializes in the field of hospitality and leisure. A single-function tall building is defined as one where 85% or more of its usable floor area is dedicated to a single usage. We write about Katara Hospitality regularly and in detail to keep hoteliers and industry professionals in the know. 847 likes. The company have a portfolio of 40 hotels in mid-2019. Katara Hospitality, a leading global hotel owner, developer and operator, based in Qatar, and AccorHotels, a world-leading travel & lifestyle group and digital innovator with a presence in 100 countries and c.4,500 hotels, announced the creation of an investment fund with a targeted investment capacity of over USD 1bn dedicated to hospitality in various Sub-Saharan African countries. HE Chairman of Katara Hospitality Sheikh Nawaf bin Jassim bin Jabor Al-Thani, said that the company has a huge plan to establish nearly 60 hotels by 2030. Chairman of Katara Hospitality Sheikh Nawaf bin Jassim bin Jabor Al-Thani said that the company has a huge plan to establish nearly 60 hotels by 2030. Katara Hospitality recently invested in the Savoy Hotel in London. The Avenue, a Murwab Hotel Image Credit: Katara Hospitality. The acquisition brings Katara Hospitality’s global portfolio to 32 hotels in operation or under development. explained that Katara Hospitality now has 42 hotels and more than 25 thousand rooms, while in 2000 it had about 4000 rooms, considering that a huge progressive rate in the company's development, and stressing that it … The company owns, manages and develops hotels, partners with hotel management companies and also operates owned and non-owned hotels through its standalone operating arm. The company reportedly bested its established goal of 30 properties by 2016. For over 40 years, the company has been investing in peerless hotels in Qatar and growing its collection of iconic properties in key international markets, all the while ensuring that its valuable roots are maintained. For all the latest hospitality news from UAE, Gulf countries and around the world, follow us on Twitter and Linkedin , like us on Facebook and subscribe to our YouTube page. Katara Hospitality has undergone considerable change and growth since it was established in 1970. “We are delighted to be partnering with Preferred Hotels & Resorts for our recently relaunched hotel operating division, Murwab Hotel Group and are confident that the services provided by Preferred Hotels & Resorts will be strategically aligned with the principles underpinning Katara Hospitality’s presence on the global stage,” commented Hamad Abdulla Al Mulla, CEO, Katara Hospitality. Sheikh Nawaf bin Jassim bin Jabor Al Thani, the chairman of Katara Hospitality, said of the deal: “We are delighted to be able to add these five hotels to our portfolio of iconic properties across the world. We envisage bringing to Doha authentic cuisines from all over the world and we go a step ahead by creating a unique ambiance to our restaurants yet maintain the rich tradition and culture of Qatar. Katara Hospitality—which is a leading global hotel owner, developer and operator, based in Qatar—and AccorHotels—which is a world-leading travel & lifestyle group and digital innovator with a presence in 100 countries and c.4,500 hotels—have announced the creation of an investment fund. Katara Hospitality. Katara Hospitalit and AccorHotels announced the creation of an investment fund with a targeted investment capacity of over USD 1bn dedicated to hospitality in various Sub-Saharan African countries. Katara Hospitality chairman Sheikh Nawaf Bin Jassim Bin Jabor Al Thani has said the company plans to double its portfolio to 60 hotels and resorts worldwide by 2030. The two structures aim to create "the number one sustainable hospitality fund dedicated to Africa" and provide support for job creation, training, transfer of skills and local supply chain. It is government-owned. AccorHotels announced the creation of an investment fund with Katara Hospitality, owner, developer and operator of 39 hotels, based in Qatar. Katara Hospitality, formerly known as Qatar National Hotels Company, is the largest hotel owner, developer and operator in Qatar. Katara purchased the 70 per cent majority stake held by Sahara India Pariwar and the 25 per cent stake held New York real-estate investor Ashkenazy Acquisition Corp. and its partner Saudi Prince al-Waleed Bin Talal. 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