MBI International

MBI International News & Press: 23/08/2002

The Times - Sale of Grand Hotel Wien

The five star Grand Hotel in Vienna has been sold by All Nippon Airways to JJW Hotels & Resorts, the French hotel operator controlled by Mohamed Bin Issa Al-Jaber of Saudi Arabia, for about £69 million.

The sale through Jones Lang LaSalle Hotels, is one of the biggest hotel transactions since September 11.

MBI & Partners UK Limited

Mohamed Bin Issa Al Jaber is the founder, Chairman & CEO of MBI International, a group of companies with an asset value in excess of USD 9 billion which operates across Europe, the Middle East and the United States. Over the past twenty five years, MBI Al Jaber's businesses have grown into major international concerns.

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MBI & Partners U.K. Limited
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Email: info@mbiinternational.com