Katara Hospitality buys five IHG hotels in Europe

Katara Hospitality, the Qatar-based hotel owner, developer and operator, has acquired five European hotels, all in different cities and all under the same InterContinental Hotels flag. 

The hotels purchased: the InterContinental Carlton Cannes, the InterContinental Amstel Amsterdam, the InterContinental Madrid, the InterContinental Frankfurt, and the lease hold interest in the InterContinental De La Ville Rome.

The total acquisition cost was not revealed.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


The acquisition brings Katara Hospitality’s global portfolio to 32 hotels in operation or under development. The company reportedly bested its established goal of 30 properties by 2016.

Sheikh Nawaf bin Jassim bin Jabor Al Thani, the chairman of Katara Hospitality, said of the deal: “We are delighted to be able to add these five hotels to our portfolio of iconic properties across the world. We are pleased to welcome the InterContinental brand into our current portfolio of partners and we look forward to extending our relationship in the future.”

Hamad Abdulla Al Mulla, CEO and board member of Katara Hospitality, added: “We will look to commit investment funds for necessary renovations or refurbishments, as we do across our portfolio. Our typical renovation strategy brings an iconic hotel back to its full glory, combining its rich heritage with all the modern facilities required in a 21st century hotel.”

Angela Brav, CEO of Europe for IHG, said: "We're thrilled to be working with Katara Hospitality for the first time. With properties in more than 60 countries and over 180 hotels globally, InterContinental Hotels & Resorts is truly an international brand. We will continue to manage these five flagship hotels on their behalf and look forward to taking our partnership from strength to strength."

Next up for Katara is the August opening of the Peninsula Paris. The hotel is the result of a 20/80 investment project between Peninsula’s owners Hongkong and Shanghai Hotels and Katara.

The company now has properties or projects in 14 countries, with a total of 7,103 rooms operational or under development.

Read more on

Suggested Articles

The company intends to raise $100 million from investors to source mezzanine loan and preferred equity transactions in the hospitality sector.

With the transfer of 103 management and branding contracts, Sonesta's portfolio has more than doubled.

Airbnb has confidentially filed with the Securities & Exchange Commission to go public, with the number of shares and price range yet to be revealed.