• Issue 1001

Buyers chase London trophy

 

Middle East investors are in competitive talks to buy a new luxury London hotel. Sovereign wealth funds from Kuwait and Qatar are keen to acquire the Great Scotland Yard project from developer Galliard, reports the London Telegraph. 

 

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Italian Club Med challenge

 

Italian investor Andrea Bonomi is to challenge a Chinese takeover of Club Med. His Investindustrial group is considering a EUR750m counterbid for the holiday specialist, reports the London Times.

 

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Melia rebrands holidays

 

Melia has unveiled four new sub-brands for 70 hotels under its Sol holiday brand. Sol Hotels, Sol Katmandu, Sol House and Sol Beach House are all designed to appeal to different segments of the leisure market. 

 

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Ritz-Carlton for Mumbai

 

Indian developer Oberoi Realty will build Marriott a Ritz-Carlton hotel in Mumbai. The 238 room hotel is due to open in 2017, reports Bloomberg.

 

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Frasers listing planned

 

Frasers Centrepoint has revealed plans to list a hospitality REIT in Singapore. The IPO could raise USD292m for Frasers backer, Thai billionaire Charoen Sirivadhanabhakdi, reports Reuters.  

 

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