Deals
Turkish Billionaire Looks for Buyers for Luxury Hotels in Europe
- Sahenk’s firm Dogus seeks disposals amid debt restructuring
- S&P Tuesday downgraded Istanbul-based Dogus’s rating to B-
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Turkish billionaire Ferit Sahenk’s Dogus Holding AS is seeking buyers for luxury hotels across southern Europe, including the Capri Palace, according to people with knowledge of the matter.
As it restructures its debt, the group -- which also owns restaurant chains including Zuma and Nusr-Et, best known for its founder chef’s meme “Salt Bae” -- is also talking to prospective buyers for Villa Dubrovnik, Madrid’s Hotel Villa Magna and Rome’s Aldrovandi Villa Borghese Hotel, said the people, who asked not to be identified because the discussions are private.