Business
AHS Properties has acquired the Shangri-La Hotel in United Arab Emirates — Dubai for AED 1.1 billion (approximately $300 million) from Mismak Asset Management, a subsidiary of First Abu Dhabi Bank. This transaction is one…
Impact: The Shangri-La Hotels and Resorts' hotel in United Arab Emirates — Dubai was acquired by AHS Properties. While the ownership changes, the hotel's day-to-day operations and service are expected to continue without impact, maintaining its presence in the United Arab Emirates — Dubai hospitality market.
Mar 09, 2018 · 8 articles