Corinthia Group, a major owner and developer of real estate and hotel assets across Europe, Middle East and Africa and US markets, has announced that it has teamed up with Kuwait-based Action Real Estate Company to acquire two boutique hotel properties totalling 100 keys in a prime location in Beverly Hills, California.
Trading as International Hotel Investments (IHI), Corinthia Group operates globally and includes investment, development and operating arms, principally focused on high end real estate projects and operations.
The acquisition of the neighbouring Maison and Mosaic Hotels by the Action Corinthia joint venture, in which IHI owns a minority stake, is part of a broader strategy for the Beverly Hills market, said a statement…
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