Kuwait-Mubasher: Gatehouse Capital – Kuwait, a subsidiary of The Securities House, has completed the acquisition of 10 hotels in the United States in a deal that is worth $137 million, according to Kuwait News Agency.
Gatehouse noted that the deal is considered the second investment in the hospitality sector after purchasing Marriott Residence in New York in 2014.
The Securities House stock ended Sunday’s session rising 4.17% at 37.5 fils, after 4.27 million shares were exchanged with a value worth about KWD 156,200.
