Twelve regional investors will finance the $150m launch and development of 20 Express by Holiday Inn hotels across five countries in the GCC. Holding company for the hotels, Ishraq, will have Dubai International Capital, the international investment arm of Dubai Holding, as anchor investor and the key player in the deal arranged by Addax Investment Bank, the Middle East investment bank based in Bahrain. [AMEInfo.com]
Posted October 02, 2005
More Aviation News:« Prior Article: Berlin aviation icon nearing final flight (Chicago Tribune via Yahoo! News)
Aviation News Home: Aviation News and Commentary
Next Article: Bell, Boeing backpedal from ad showing assault on mosque (The Buffalo News)»
