Qatar investment firm Al Rayyan Tourism Investment Company (ARTIC), a subsidiary of Al Faisal Holding Company, has acquired two hotels in New York and Rome.
The Manhattan at Times Square Hotel is a 22 storey property and features 689 rooms and suites. The five-star Boscolo Aleph Hotel in Rome Italy is a 6,500 square meter hotel comprises 96 rooms and suites over six floors. ARTIC's current portfolio comprises 24 hotels and projects in the Middle East and Africa, Europe, and North America.
ARTIC is listed in the Middle East Investors Directory with the code SIJ115. (Its parent company Al Faisal Holding is listed under the code SINMA15)
More details follows