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Al Faisal buys Radisson Blu hotel in Chicago

Qatar's Al Faisal Holding has announced its acquisition of a Radisson Blu hotel in the US, adding another property to its growing portfolio of real estate assets around the world, Zawya Dow Jones has reported. The deal to buy the Radisson Blu Aqua Hotel in Chicago was handled through Seldar Holdings, the North American investment arm of Al Rayyan Tourism and Investment (Artic), Al Faisal's international hospitality subsidiary. The group hopes to own 25 hotels by 2020 in prime cities across the globe. It currently has 18 properties in the Middle East, North America, South America and Europe either in operation or under development.