Keyword: Katara Hospitality
Kasada Capital Management has reached a first close on its Kasada Hospitality Fund, with equity commitments of more than $500 million.
The company has more than 26,500 rooms in more than 156 properties in 23 countries and a pipeline of 54 hotels with more than 10,386 rooms.
Katara Hospitality has teamed with AccorHotels to kickstart an investment fund to expand in Sub-Saharan Africa's hotel market.
Qatar entered a deal to acquire New York's Plaza Hotel for approximately $600 million through the state-owned Katara Holding.
Katara Hospitality denied a report stating that the company plans to sell two of its hotels in Europe, both of which are operated by InterContinental Hotel Group.
Minor Hotels and Katara Hospitality are set to expand the Tivoli and Oaks brands in Doha and Souq Al Wakra, Qatar.
Tivoli has taken over operations at this Doha hotel as part of the group's Qatar expansion.