Dubai
Decision to sell the hotel in line with Emaar strategy to dispose of light assets in the hospitality sector
Emirati Emaar Properties announced the sale of its subsidiary ASV, the owner of the Sky View Hotel, to Evergreen Hospitality Ltd. for AED 750 million ($204 million).
In a disclosure to the Dubai Financial Market, Emaar said that the decision to sell the hotel, which consists of 160 rooms.—AN
