Press releases

22.12.2014

ARTIC acquires Boscolo Aleph Hotel in Rome

Doha, Qatar – 22 December 2014 – Al Rayyan Tourism and Investment (“ARTIC”), the international hospitality subsidiary of Al Faisal Holding Company, one of Qatar’s largest private diversified industry groups, today announced its acquisition of the five-star Boscolo Aleph Hotel in Rome, Italy.

02.12.2014

ARTIC expands US hotel portfolio with acquisition of The Manhattan at Times Square Hotel in New York

Doha, Qatar – 2 December 2014 – Al Rayyan Tourism and Investment Company (“ARTIC”), the international hospitality subsidiary of Al Faisal Holding Company, one of Qatar’s largest private diversified industry groups, today announced that it has acquired 97% of The Manhattan at Times Square Hotel in New York.

02.08.2014

Marriott Marquis Hotel an Exceptional Addition to Doha

Al Rayyan Tourism and Investment Company ‘ARTIC’ enhances its international hotel portfolio with the introduction of the Marriott Marquis City Center Doha Hotel.

13.05.2014

Centre for Middle East entrepreneurship to launch at DePaul University

Doha, 13 May 2014 – Al Faisal Holding has signed an agreement with DePaul University to take the first steps toward a long-term collaboration that supports entrepreneurship and business development in Qatar and the Middle East. DePaul plans to launch The Sheikh Faisal Centre for Entrepreneurship in the Middle East at the Driehaus College of Business later this year.

15.04.2014

Al Faisal Holding Entered a Settlement Agreement With Habtoor Leighton Group

Doha, 15 April 2014 – Al Faisal Holding (AFH) has, in good faith, entered into a settlement agreement with Habtoor Leighton Group (HLG) on April 6, 2014.

HLG has undertaken that it will complete the works on the Phase III City Center Expansion project (consisting of three (3) Hotel towers) no later than six (6) months from the signing date.  The settlement agreement also provides for milestone payments to be made which are directly related to HLG’s six (6) month completion of works schedule, and the completion of any snags relating to the works.

As a result of the settlement agreement, AFH has dismissed the various legal cases it has filed in Qatari courts related to this matter.

 

27.03.2014

Statement on comments made on Al Qahera Al Youm (Cairo Today) TV show

In regards to the episode of Cairo Today (Al Qahera Al Youm) live TV talk show which was broadcast on Wednesday 26 March 2014, we would like to draw your attention to the fact that the prominent Qatari businessman H.E. Sheikh Faisal Bin Qassim Bin Faisal Al Thani has no political role whatsoever and also has nothing to do with the comments mentioned during the episode regarding the upcoming elections in Egypt. This seems to be the result of a mistaken identity.

22.01.2014

Al Rayyan Tourism Investment Company “ARTIC” Buys the Acclaimed St. Regis Bal Harbour Resort from Starwood Hotels & Resorts

STAMFORD, CT and QATAR, DOHA – 22 January 2014 – Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) and Al Rayyan Tourism Investment Company (”ARTIC”), the international hospitality subsidiary of Al Faisal Holding Company, one of Qatar’s largest private diversified industry groups, today announced that ARTIC has acquired The St. Regis Bal Harbour Resort in Miami, Florida for $213 million. The property will continue to be managed under a long-term agreement by Starwood Hotels and also continue to fly the St. Regis flag.