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Posted on: July 3, 2018, 4:01 p.m.
Katara Hospitality, a hotel-centric subsidiary of Qatar’s sovereign wealth fund, closed Monday on a $600 million deal for full ownership of the Plaza Hotel. News of the sale comes after three other bidding groups struggled to negotiate a deal with the Plaza’s majority owner, Subrata Roy’s Sahara Group. But all along, Qatar’s former Prime Minister, Hassim Bin Jabber Al-Thani (known as HBJ), owned more than $400 million of debt on the hotel that was set […] Full investment news articleRelevent to this post: QIA Louisiana Economic Development,