
Al Faisal Holding Company purchasers the Grand Hyatt Hotel and the Maritim Hotel in Berlin.
Al Rayyan Tourism Investment Company, the international hospitality subsidiary of Al Faisal Holding Company, yesterday signed purchase agreements on the Grand Hyatt Hotel and the Maritim Hotel in Berlin, with SEB Asset Management’s open-ended real estate fund SEB ImmoInvest.The Grand Hyatt Berlin Hotel is a five-star 342-room hotel in Potsdamer Platz in the heart of the city and directly opposite the Philharmonic Hall. The Maritim Hotel Berlin, opened in 2005, is located centrally in the Diplomatic Quarter in Berlin’s Tiergarten district, between Kurfürstendamm and the Brandenburg Gate. It boasts 505 rooms and event facilities for up to 5,500 people in 49 rooms.“We are delighted with the acquisition of the Grand Hyatt Hotel and the Maritim Hotel in Berlin. These two iconic hotels, with their unique architectural qualities and prime city centre locations, reflect our clear investment focus on high quality assets and bring us a step closer to our target,” says Chairman, Al Faisal Holding, Sheikh Faisal bin Qassim Al Thani.“We will continue to build our portfolio locally and internationally and I look forward to further expansion all around the world over the coming years.” These two acquisitions are a further step towards realising Artic’s vision of increasing its investment in the hospitality sector and accumulating a portfolio of hotels in prime cities around the world.With this agreement, the company’s portfolio of hotels in operation or under development has reached 25 properties across the Middle East and North Africa, Europe and North America.Last year, Artic acquired the Radisson Blu Aqua Hotel in Chicago. A wholly-owned Al Faisal Holding Company subsidiary, Artic is engaged in real estate development, acquisition and leasing with a focus on the hospitality sector and hospitality-related services in Qatar and overseas.

