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Jul, 13 2012

QH to expand Harrods Hotels globally

Qatar Holding (QH), a global investment company plans to expand the Harrods-branded Hotels internationally.

QH to expand Harrods Hotels globally

Qatar Holding (QH), a global investment company plans to expand the Harrods-branded Hotels internationally. QH will develop number of Harrods Hotels in markets like Kuala Lumpur, New York, Paris, London, China and Italy. The brand’s first property will in Malaysia. It will be a 300-room hotel in Bukit Bintang, the shopping and entertainment district of Kuala Lumpur. Further, the hotels are already in pipeline for London and Italy and the likely sites for these new properties are Chelsea Barracks and Sardinia that are already owned by Qatar Holding. QH was established in 2006 in Doha by the Qatar Investment Authority (QIA). It bought the United Kingdom’s iconic department store ‘Harrods’ two years ago for nearly USD 2.3bn. Qatar Holdings invests locally and worldwide in strategic private and public equity as well as in other direct investments.

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