Qatar National Hotels to buy an un-named hotel chain for $275 million

Qatar National Hotels Company (QNH) announced the acquisition of an unnamed 5-star international hotel and food chain group for $275 million.

The acquired un-named company's activities (like many un-named companies) include hotel, spa, restaurant, and related merchandise and entertainment industries. Its portfolio currently consists of 100 restaurants and hotels in operation or in the pipeline within the coming 2 to 3 years situated around the globe.

Qatar National Hotels is founded in 1993 and is wholly owned by the Government of Qatar.