UPDATE: Sahara Group Unloads Three Luxury Hotels to QIA for $1.6 Billion

July 28, 2016 UPDATE: Apparently, the deal has been rejected and is not going through, according to the Sahara Group.

Opportunistically, the Qatar Investment Authority (QIA) is moving forward on buying Sahara Group’s ownership stake in its three marquee hotels for US$ 1.6 billion. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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