Joe Tsai’s Family Office Bets on Luxury Hotels in Property Push

Blue Pool is building a global portfolio of real estate investments as it increasingly diversifies the fortune of Alibaba’s co-founder.

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By Benjamin Stupples

November 18, 2022 at 1:25 AM UTC

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InterContinental Hotels Group Plc’s five-star property in the Portuguese city of Porto is based at a refurbished 18th-century palace, furnished with marble counters, chandeliers and a piano bar.

It’s a hotel fit for the world’s mega-wealthy, and one of the richest among them is behind it.