Dubai conglomerate Al Habtoor eyes Paris, London hotel buys

UAE 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