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Qatar’s Wealth Fund Denies It’s Mulling Sale of European Hotels

  • Properties in Cannes, Amsterdam said to be under consideration
  • Qatar had bought up luxury hotels in Europe in recent years
Hotel Royal Monceau

Hotel Royal Monceau

Photographer: Jacques Sierpinski/Gamma-Rapho/Getty Images

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Qatar Investment Authority’s hotel division said it doesn’t plan to sell properties in Europe, after Bloomberg News reported it is weighing the disposal of two assets operated by InterContinental.

“There’s no intention to sell any of these assets and it’s not even a topic that was discussed,” Sheikh Nawaf bin Jassim bin Jabor Al Thani, chairman of Katara Hospitality, said. Katara is a hotels unit of QIA.