QATAR’S Katara Hospitality has purchased five hotels in Europe that will continue to be managed by InterContinental Hotels Group.
The hotels are: InterContinental Carlton Cannes; InterContinental Amstel Amsterdam; InterContinental Madrid; InterContinental Frankfurt; and InterContinental De La Ville Rome.
This brings Katara’s global portfolio to 32, both operational and in development.
Katara also owns The Peninsula Paris, scheduled to open on August 1 after refurbishment, and Excelsior Hotel Gallia in Milan. The latter is part of Starwood Hotels & Resorts’ Luxury Collection and will reopen in November.
