{"id":3330,"date":"2016-02-01T23:49:49","date_gmt":"2016-02-01T16:49:49","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=3330"},"modified":"2016-02-01T22:01:25","modified_gmt":"2016-02-01T15:01:25","slug":"al-habtoor-group-buys-hilton-london-wembley-hotel","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/al-habtoor-group-buys-hilton-london-wembley-hotel\/","title":{"rendered":"Al Habtoor Group buys Hilton London Wembley hotel"},"content":{"rendered":"


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\nAl Habtoor Group has bought the Hilton London Wembley hotel as the Dubai family-owned conglomerate lines up a Dh2 billion war chest for overseas purchases this year.The group acquired Hilton London Wembley to ramp up its international hospitality portfolio to six properties, said Khalaf Ahmad Al Habtoor, the chairman of Al Habtoor Group. “I have been looking at the London market for some time,” he said.
\nThe company declined to disclose the value of the deal.The UK hotel sector has long been the most sought after by Middle Eastern investors. In the past couple of years, it drew \u00c2\u00a32.72 billion (Dh14.24bn) of the Middle East’s outbound investment, according to a report from the real estate consultancy CBRE. Qatar’s sovereign wealth fund bought central London’s Claridge’s, the Berkeley and the Connaught hotels last year.
\nItaly and France were the next most popular destinations for hotel transactions for investors from the region.About 260,000 tourists from the UAE visited the UK in the first nine months of last year, up 32 per cent, compared to the same period the previous year, according to the UK’s tourism agency Visit Britain. Spending by UAE travellers was up 3 per cent to touch \u00c2\u00a3437 million.Hilton London Wembley overlooks the English national football stadium in the 85-acre Wembley Park, which is undergoing a makeover with new retail, residential, offices and entertainment facilities. Relatively close to Heathrow Airport and the city centre, the 361-room hotel features a ballroom and can host up to 700 people.
\nSinger Rihanna is expected to pay \u00c2\u00a310,000 for an entire floor of the hotel during her stay around her June concert at the stadium, according to UK media reports.The Dubai group also owns Hilton Beirut Habtoor Grand Hotel and Hilton Beirut Metropolitan Palace in Lebanon, the President Abraham Lincoln Springfield – a DoubleTree by Hilton Hotel in the US, the five-star InterContinental Hotel Bud\u00adapest and five-star Elizabeth Park Hotel, Budapest.
\nIn Dubai, it owns the Habtoor Grand Beach Resort and Spa, the Waldorf Astoria Dubai Palm Jumeirah beside The St Regis Dubai in Al Habtoor Complex on Shaikh Zayed Road.Two more in the complex W Dubai – Al Habtoor City, and The Westin Dubai, Al Habtoor City – are to open this year.The group is also developing The Al Habtoor Polo Resort with a St Regis property in Dubailand and a new Metropolitan Hotel on Sheikh Zayed Road.
\nssahoo@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Al Habtoor Group buys Hilton London Wembley hotel<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Al Habtoor Group has bought the Hilton London Wembley hotel as the Dubai family-owned...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-3330","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-RI","jetpack-related-posts":[{"id":4902,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/al-habtoor-group-buys-historic-vienna-hotel-from-starwood\/","url_meta":{"origin":3330,"position":0},"title":"Al Habtoor Group buys historic Vienna hotel from Starwood","date":"February 16, 2016","format":false,"excerpt":"\r \r Dubai conglomerate Al Habtoor Group has added its seventh overseas property to its hotel portfolio with an acquisition in Vienna.The company acquired the historic Hotel Imperial from New York-listed Starwood Hotels and Resorts for US$78.8 million, according to the US-based company.The announcement comes just days after Al Habtoor\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4904,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-al-habtoor-group-buys-historic-hotel-imperial-in-vienna-from-starwood\/","url_meta":{"origin":3330,"position":1},"title":"Dubai's Al Habtoor Group buys historic Hotel Imperial in Vienna from Starwood","date":"February 16, 2016","format":false,"excerpt":"\r \r The Dubai conglomerate Al Habtoor Group has added its seventh overseas property to its hotel portfolio with an acquisition in Vienna. The company acquired the historic Hotel Imperial from New York-listed Starwood Hotels and Resorts for US$78.8 million, according to the US-based company. The announcement comes just days\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":27269,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/al-habtoor-buys-office-block-in-budapest\/","url_meta":{"origin":3330,"position":2},"title":"Al Habtoor buys office block in Budapest","date":"September 26, 2016","format":false,"excerpt":"\r Al Habtoor Group has expanded its European property portfolio with the acquisition of offices in Hungary.The conglomerate, based in Dubai, already owns two luxury hotels in the country's capital city: The Ritz-Carlton, Budapest, and The InterContinental Budapest. Now it has bought the Rumbach Centre, an office building in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8828,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-of-apartments-at-al-habtoor-city-begin\/","url_meta":{"origin":3330,"position":3},"title":"Sales of apartments at Al Habtoor City begin","date":"March 23, 2016","format":false,"excerpt":"\r \r The Al Habtoor Group has held a sales launch for the Residence Collection of apartments at its US$3 billion Al Habtoor City project at the junction between the Dubai Water Canal and Sheikh Zayed Road. The Residence Collection is made up of three towers under construction behind a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15520,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uaes-al-habtoor-group-moves-closer-to-ipo-weighs-europe-acquisitions\/","url_meta":{"origin":3330,"position":4},"title":"UAE's Al Habtoor Group moves closer to IPO, weighs Europe acquisitions","date":"June 5, 2016","format":false,"excerpt":"\r Al Habtoor Group, the sole dealer of\u00a0Bentley and Bugatti in the UAE, is closer to the initial public offering it has been considering since 2000,\u00a0its chief executive officer said in an interview.\"We have all the documents ready, all that we need to do is to update all the information\"\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170385,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/no-longer-viable-al-habtoor-group-to-shut-all-lebanon-operations-amid-deepening-crisis\/","url_meta":{"origin":3330,"position":5},"title":"\u2018No longer viable\u2019: Al Habtoor Group to shut all Lebanon operations amid deepening crisis","date":"January 28, 2026","format":false,"excerpt":"\r The move marks the end of a 25-year presence in Lebanon for the UAE-based group, which first entered the market in 2001 with the opening of its first hotel The post \u2018No longer viable\u2019: Al Habtoor Group to shut all Lebanon operations amid deepening crisis appeared first on Arabian\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2026\/01\/Khalaf-Ahmad-Al-Habtoor-1-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/3330"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=3330"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/3330\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=3330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=3330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=3330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}