Qatar Holding develops four hotels in Sardinia Italy, including a Harrods Hotel
Qatar Holding has unveiled plans for a one billion euro ($1.35bn) investment in Sardinia, one of Italy’s prominent leisure tourism destinations. The company will build four luxury hotels on Sardinia’s Costa Smeralda, more than doubling tourism capacity to 900 beds, news service ASNAmed said. The plan includes a 150-room Harrods Hotel, a 200-room family hotel, both for the luxury market.
ANSAmed said the project also includes an aquatic amusement park inside the Liscia Ruja reserve, a low-impact electric Go-Kart route within a former landfill at Abbiadori, expanding roads and water and sewer systems. Last year, Qatar Holding signed an agreement to acquire Smeralda Holding, owner of luxury hotel resorts on Costa Smeralda in Sardinia, from Colony Capital, the US-based real estate investment firm.
Under the terms of the agreement, Qatar Holding acquired a portfolio consisting of four luxury hotels with a total of 372 rooms, the Porto Cervo Marina, the Porto Cervo Shipyard, the Pevero Golf Club, a 51 percent interest in 2,290 hectares of adjacent undeveloped land and various other real estate assets in Costa Smeralda.