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With the goal of developing outstanding hotels in Qatar, Tivoli Hotels and Resorts – part of Minor Hotels – announces it is now operating the Souq Waqif Boutique Hotels in Doha, a collection of nine unique and historical buildings featuring intricate décor and architecture, nestled in the heart of the historic Souq Waqif. Souq Waqif…

This represents the largest-ever hospitality transaction in Portugal and is a highly accretive acquisition for MHG. The Tivoli business is strong, generating revenue of EUR 121 million and normalised EBITDA of EUR 31 million in 2015. The acquisition not only adds strong earnings underpinned by valuable hotel assets, but is also well-timed to capitalise on…

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