MBI International has bought Scotsman Hotels Group for $111.4m, according to a statement. MBI, owned by Saudi national Mohammed bin Issa Al Jaber, has interests in the hotel sector in Europe and the Middle East through JJW Hotels and Resorts. SHG comprises the Scotsman in Edinburgh, 42 The Calls in Leeds and Hotel de la Tremoille in Paris. [AMEInfo.com]
Posted February 01, 2006
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