Amsterdam’s luxury Amstel hotel stays in Qatar hands

See more DutchNews articles in your Google search results

See more DutchNews articles in your Google search results

Add as a favourite source on Google Add DutchNews as a favourite source on Google

A hotel group from Qatar has bought Amsterdam’s luxury Amstel hotel, the Qatar Times reports.

The paper says the Amstel is one of five InterContinental hotels acquired by Katara Hospitality, which is a state investment fund.

Financial details were not disclosed but according to estimates by website PropertyNL, the Qatar company may have paid €800,000 a unit for the 55-room and 24-suite hotel.

The Amstel hotel was put up for sale by its previous owner GSSG Holding last October. GSSG is also a Qatar-based company.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation