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Radisson Hotel Group wrapped up 2023 with exceptional growth, adding over 30,000 keys to its international portfolio of 10 leading brands through openings and signings. The Group has grown its business by nearly 50% since the launch of its transformation plan in 2018.
DQ, an Abu Dhabi-based investment and holding company, and ADNEC Group (“ADNEC”) today announced the signing of definitive agreements for the strategic acquisition of a 40.5 percent stake in Egypt-based Talaat Moustafa Group Holding’s (“TMG Holding”) hospitality arm, ICON Group (“ICON”) through a capital increase. ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership by ADQ and 51 percent equity ownership by ADNEC.
Starwood Capital Group, a US private equity firm specialising in real estate, has acquired a portfolio of 10 hotels from the Edwardian Group in a strategic off-market transaction, the financial details of which remain confidential.
Starwood Capital Group (“Starwood Capital”), a global private investment firm with a primary focus on real estate, announced that a controlled affiliate has acquired a portfolio of 10 hotels from Edwardian Group for an undisclosed sum via an off-market transaction.
ADQ, ADNEC Group Sign Definitive Agreements To Acquire 40.5 Percent Stake In TMG Holding’s Hospitality Business In Egypt, News, Abu Dhabi City Guide