Zabeel buys Vegas hotel
Dubai-based, Zabeel Investments has taken a strategic step in to the hospitality sector, through the acquisition of a fifty percent stake in leading US hospitality development and management company, The Light Group.This partnership marks the first foray into the US market by the fast-growing and dynamic investment house. The partnership unites the experience and innovation of the Las Vegas-based Light Group with the ambition and expertise of Dubai-based Zabeel Investments, delivering a distinct offering to both the US and UAE hospitality and entertainment sectors.
United Arab Emirates: Thursday, February 21 - 2008 at 10:44
The partnership continues the existing relationship between Dubai and CityCenter in Las Vegas where the Light Group will manage The Harmon Hotel, Spa & Residences, a property owned and under development by CityCenter Holdings, LLC, a joint venture of MGM MIRAGE and Dubai World.
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Amena Bakr, Senior ReporterThursday, February 21 - 2008 at 10:44 UAE local time (GMT+4)
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Index : Tourism and Hospitality
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