Kor sells stake to Mubadala

Posted on 09/26/2008

Kor Hotel Group, which operates about a dozen hotels worldwide, has sold a 50 percent stake to the investment arm of Abu Dhabi government to speed the company’s expansion into foreign markets. The hotel group, a unit of Los Angeles-based Kor Group, sold a 50 percent stake in itself to the Mubadala Development Co. The […]