Stibbe advises on the acquisition of an Intercontinental hotel portfolio including the landmark Amstel Hotel in Amsterdam
Stibbe advised, together with White & Case LLP, Katara Hospitality QSA (a subsidiary of the Qatar Investment Authority), the Qatar-based global owner, developer and operator of hotels, on the acquisition of five luxury InterContinental properties in key European cities.
Katara Hospitality has acquired a Dutch company owning the InterContinental Amstel Amsterdam, InterContinental Carlton Cannes, InterContinental Madrid, InterContinental Frankfurt and the leasehold interest on the InterContinental De La Ville Rome from a Netherlands-based private investor. The company now has a global portfolio of 32 hotels operational or under development, with properties or projects in 14 countries and a total of more than 7,100 rooms currently in use or under development.
