Qatar’s Katara finalizes acquisition of 5 InterContinental Hotels including Carlton in Cannes

Qatar based Katara Hospitality has finalized this week the acquisition of 5 InterContinental Hotels in Europe – Cannes (Carlton), Amsterdam, Madrid, Rome and Frankfurt.

One of the key acquired properties is the iconic Carlton InterContinental in Cannes, on the French Riviera, a 342 room landmark. Carlton will ideall complement Katara’s two other properties in Paris – Royal Monceau Raffles (in operation) and Peninsula (opening August). Of the properties acquired, Carlton is also the one which will demand the highest investment for a long delayed renovation.

Carlton InterContinental, Cannes