BIG DEAL: ADIA Buys Stakes in Hong Kong Hotels

Posted on 04/30/2015

The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, is purchasing a 50% stake in three Hong Kong hotels from a group led by New World Development Co. Ltd in a HK$ 18.5 billion (US$ 2.4 billion) deal – one of Hong Kong’s largest real estate deals. ADIA is paying […]