Qatar invests $1bn in Swiss hotels

Mubasher: Qatari investments in Switzerland's hotel industry amounted to $1.06 billion.

Katara Hospitality, which was established in 1970, is the main operator of the Swiss hotels.

Over the past few years, Katara invested around $581.68 millions in Bürgenstock Resort, Luzern, which consists of four hotels,  according to Al Rai newspaper.

In August 2017, the Qatari developer announced that it acquired Bürgenstock Resort with an amount of $1 billion.    

Mubasher Contribution Time: 08-Mar-2018 13:51 (GMT)
Mubasher Last Update Time: 08-Mar-2018 14:00 (GMT)