[pullquote align=”left|center|right” textalign=”left|center|right” width=”30%”]Get the story behind the headlines[/pullquote]
This week the WSJ and several other papers reported Accor’s billion dollar buyback of hotels it sold in 2007. Earlier, Bloomberg reported that Katara Hospitality, owned by Qatar’s sovereign wealth fund Qatar Investment Authority, is seeking to acquire five hotels from the UK’s InterContinental Hotels Group, and private equity giant, and Blackstone, is reportedly ready to spend a billion dollars for the Cosmopolitan, a hotel in Las Vegas.
The investment story (including the risks and rewards) behind these deals is what Alumni heard about at the recent INSEAD Alumni Association Switzerland Hotel Property investment evening conference in Zürich.
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