ADIA buys Australia hotel portfolio
Abu Dhabi Investment Authority (ADIA) has bought Tourism Asset Holdings (TAHL), Australia’s largest hotel owner. The deal will see the Middle East sovereign wealth fund assume control of 31 Accor-operated properties in major cities.
The size of the investment was not disclosed, although local media put it at A$800 million ($739 million). It is confirmation of the strong interest from foreign investors in Australian hotel assets. A...
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