16 Katara Hospitality eyes 60 properties by 2030
Current portfolio comprises 6000 rooms operating or under development
Qatar-based hotel developer, owner and operator Katara Hospitality announced major steps forward in the 12 months since its rebrand and has its eye on 60 property openings by 2030.
Katara Hospitality CEO Hamad Abdulla Al-Mulla said: “Our new brand was launched last year as a platform for growth. Our goal is to own 30 properties by 2016, with another 30 in place by 2030. Over the last twelve months, we have made important steps forward towards those targets.”
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Katara Hospitality recently completed the acquisition of Somerset West Bay Doha, the first of three properties to be acquired under an agreement with Barwa Real Estate.
“Today, Katara Hospitality is a company worth more than US $50 billion, with more than 6000 rooms operating or under development, across eleven international markets,” added Al-Mulla.
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