Qatar investors to buy InterContinental Paris Le Grand for $442 million
Constellation Hotels Holding, part of the Qatar Holding investment group, has made a $442 million offer to buy the InterContinental Paris Le Grand.
The Hotel, which is located in the heart of Paris overlooking the Opera House, has 470 guest rooms, including 70 suites. It first opened in 1862 and has operated under the InterContinental brand since 1982. IHG would retain a 30 year management contract on the Hotel.
Qatar Holding is listed in the Middle East Investors Directory with the code SIN1408.
More details follows
August 19, 2014 |
Filed under Qatar Investors
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