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JJW Hotels buys Algarve properties
- Monday, January 21 - 2008 at 15:13
JJW Hotels and Resorts, a subsidiary of MBI International, owned by Sheikh Mohamed Bin Issa Al Jaber, has acquired four prestigious luxury properties in the Algarve, Portugal. The $268m deal with Starman Hotels encompasses the San Lorenzo Golf Course, one of the top courses in Portugal; the Dona Filipa Hotel, a luxury five star hotel closely associated with the San Lorenzo Golf Course; and the Penina Hotel and Golf Resort, a five star hotel and golf course that has played host to the Portuguese Open on numerous occasions.
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Jeff Florian, Senior ReporterMonday, January 21 - 2008 at 15:13 UAE local time (GMT+4)
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