UAE- Al Habtoor Group buys London hotel

Date

2/1/2016 11:50:35 PM

(MENAFN- Khaleej Times)

The Al Habtoor Group announcedon Monday the purchased of the Hilton London Wembley to boost its international hospitality portfolio.

Khalaf Ahmad Al Habtoor chairman Al Habtoor Group said: "I have been looking at the London market for some time. The hotel is in an ideal location. It is close to the iconic Wembley Stadium Heathrow Airport and at the centre of London."

The hotel which opened in 2012 boasts 361 rooms and suites.The Hilton London Wembley is an ideal location for meetings conferences exhibitions and events. The ballroom spans 693 square metres and can host up to 700 people. There are a further 10 meeting rooms.

The hotel benefits from its proximity to Wembley Stadium and the SSE Arena (London's second largest indoor events space).

The purchase brings the number of hotels in Al Habtoor Investment's (part of the Al Habtoor Group) international property portfolio to six.The Group has two Hilton-branded hotels in Lebanon one in the US andtwo five-star hotels in Hungary.

In December 2015 Al Habtoor said he had allocated Dh2 billion for overseas investments in 2016. The Al Habtoor Group has been expanding its hospitality portfolio both internationally and locally over the past few years.

The Group's Dubai assets include the Habtoor Grand Beach Resort & Spa Autograph Collection; the Waldorf Astoria Dubai Palm Jumeirah.

It recently opened the first hotel in the Al Habtoor City complex - The St Regis Dubai. Two more hotels within the development will open in the coming months (W Dubai - Al Habtoor City and The Westin Dubai Al Habtoor City).

In addition the Al Habtoor Group is developing a project in Dubailand - The Al Habtoor Polo Resort & Club which will see a St Regis as the centrepiece. It is also in the process of developing a new Metropolitan Hotel on Sheikh Zayed Road.

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