QATAR-based hotel developer Katara Hospitality has acquired five properties in key European cities from a private investor.
The company has acquired the InterContinental Carlton Cannes, the InterContinental Amstel Amsterdam, the InterContinental Madrid, the InterContinental Frankfurt, and the leasehold interest in the InterContinental De La Ville Rome. The acquisition brings Katara Hospitality’s global portfolio to 32 hotels operational or under development, topping its long-established goal of 30 properties by 2016. The company now has properties or projects in 14 countries, with a total of 7,103 rooms operational or under development.