Oman’s SGRF Buys Hotel in Central Paris

Posted on 08/17/2015

Oman’s State General Reserve Fund (SGRF), one of Oman’s sovereign funds, acquired a majority interest in the Marriott Ambassador Paris Hotel. The SGRF purchased 90% of its shares. The deal was completed through a joint venture with Westmont Hospitality Group (WHG). WHG will own 10% of the hotel shares and provide operational help with the […]