Qatar Holding will open a chain of Harrods hotels in the country. Harrods is a famous retail company that is involved in real estate, aviation and banking. The company has been purchased recently by Qatar Holding, Doha, Qatar. The sum of the deal estimated US$2.3 billion.
All Harrods hotels are told to belong to luxury segment. According to Hussain Ali Al-Abdulla, the Vice Chairman of Qatar Holding, they are not going to limit themselves to opening hotels in Qatar and soon want to spread their accommodations to famous urban cities, such as Paris, New York, London and Kuala Lumpur. As Qatar Holding has recently purchased fours hotels in Sardinia, one of the properties will operate under the Harrods brand.
As Qatar Holding mentions, soon they will announce the properties that will be rebranded as Harrods hotels. First, these will be hotels in Kuala Lumpur, Paris and New York. There will be also found hotels in China. The company is mostly interested in converting the properties already owned by Qatar Holding and its affiliates.