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Shuaa takes stake in Rotana hotels
- United Arab Emirates: Tuesday, May 30 - 2006 at 13:23
Shuaa Partners has acquired what it describes as a 'sizeable' equity stake in Abu Dhabi-based Rotana Hotel Management Corporation. Rotana has 21 hotels and resorts in the Middle East, with 10 more planned by the end of 2007. Shuaa has identified the hospitality sector as having significant growth potential in the region over the next few years.
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James McInerney, News EditorTuesday, May 30 - 2006 at 13:23 UAE local time (GMT+4)
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