A hospitality investment fund set up by three Arab Gulf banks plans to raise $300m by the first quarter of next year, according to reports. It has already signed agreements for six deals in the Middle East and India.
2 min read · 22 January 2013
SHUAA Capital has raised $240m for the first close of its hospitality fund focused on Saudi Arabia, ‘the first private equity fund domiciled in the Kingdom'. The fund will develop 17 hotels, apartments and resorts in the country.
2 min read · 22 January 2013
The private equity arm of the Middle East investment bank holds a first close on its Saudi Hospitality Fund on $240m. The fund – said to be the first Saudi Arabia-domiciled private equity real estate fund –will develop 17 hotels and apartments in the kingdom.
1 min read · 22 January 2013
SHUAA Partners has raised $165m to invest in hotels, resorts and serviced apartments in the Middle East and North Africa. The firm plans to invest in the development of five- and four-star hotels, resorts, budget business hotels and serviced apartments.
2 min read · 22 January 2013
Phoenix Mills plans to raise capital from foreign private equity investors for development of malls and hospitality assets throughout India.
2 min read · 22 January 2013
Keith Lindsay, the former global head of hospitality and leisure at AIG Global Real Estate, has been appointed to oversee Orco's hospitality investments in Central Europe.
1 min read · 22 January 2013
The Dubai-based private equity firm is nearing the first close of its $200m MENA-focused hospitality fund, and has begun marketing another $530m fund specifically for Saudi Arabia.
2 min read · 22 January 2013
Despite a massive constriction in liquidity and warnings of a US recession, Blackstone real estate co-head Jonathan Gray told a PREA audience that the hotel industry remains positive.
2 min read · 22 January 2013
The private real estate investment company controlled by media pioneer Robert Johnson has raised its third private equity real estate vehicle, more than double the size of its previous fund.
1 min read · 22 January 2013
At mid-year, 2007 looks set to be another banner year for hotel buyouts.
2 min read · 22 January 2013
