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 Dubai's Al Habtoor to acquire hotel in Budapest for $80 million

habtoor-dubai.jpgDubai conglomerate Al Habtoor Group is in the final stages of acquiring a five-star hotel in Budapest for $80 million - Arabian Business is reporting.

As DubaiBeat.com reported earlier, the groups was looking to buy hotels in Europe. It is also in talks with officials in France to buy a second hotel in Paris, its chairman says.

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More details follows from Arabian Business

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 Dubai conglomerate Al Habtoor eyes Paris, London hotel buys

habtoor-dubai.jpgUAE conglomerate Al Habtoor Group is eyeing hotel acquisitions in London and Paris but will steer clear of investments in the Arab world outside the Gulf region - the Reuters is reporting.

"We invested in the UK and we are happy about it. If there are opportunities in London and Paris, I won't hesitate to go there", says Khalaf Al Habtoor the chairman of the group.

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More details follows from Reuters

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 Dubai's Habtoor family office group to buy Hotels in Europe

habtoorDubai-based Habtoor Group, which was part of the Middle Eastern investors group that invested in Barclays back in 2008, has asked Rothschild to identify five-star hotel targets in Europe, its chairman said on Monday to the Reuters.

Habtoor added the group was also looking at companies who want to sell their assets due to a lack of financial liquidity. Habtoor said in August the group had about $1.3 billion to invest in Europe.

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