Latest news with #ActionRealEstateCompany
Arabian Business
31-03-2025
- Entertainment
- Arabian Business
Beverly Hills
Beverly Hills Kuwait's Action Real Estate Company acquires two Beverley Hills hotels Abu Dhabi Million Dollar Listing: UAE braced to broadcast to 83m streaming households with Roku Aman Aman has 10 more planned branded residences projects in Bangkok, Beverly Hills, Miami, and Japan Abu Dhabi The real estate reality show brings its debut international spin-off to the UAE, capitalising on Dubai and Abu Dhabi's booming luxury property markets Beverly Hills Kirk Douglas came to prominence in the late 1940s and never lost his popularity, taking on nearly 100 movies over a six-decade career Beverly Hills Hollywood's brightest stars sparkled Sunday on the red carpet at the Golden Globes, the first showbiz awards gala of 2020 #media Hollywood descended on the red carpet Sunday for the Golden Globes, with hit musical romance 'A Star Is Born' the favorite to win big at the first and sassiest gala of the annual awards season. Under a bright California sun, Tinseltown's A-listers worked the entertainment press and cameras for the first time this awards season at the Beverly Hilton, in the run-up to the all-important Oscars on February 24. Beverly Hills Green Book, Roma among the big winners Beverly Hills The baroque-style mansion boasts a garage that accommodates 40 cars Beverly Hills The baroque-style mansion boasts a garage that accommodates 40 cars Beverly Hills Top awards for TV drama The Handmaid's Tale and film Three Billboards Outside Ebbing, Missouri
Trade Arabia
20-03-2025
- Business
- Trade Arabia
Corinthia joins Kuwaiti group to acquire prime US hotel properties
Corinthia Group, a major owner and developer of real estate and hotel assets across Europe, Middle East and Africa and US markets, has announced that it has teamed up with Kuwait-based Action Real Estate Company to acquire two boutique hotel properties totalling 100 keys in a prime location in Beverly Hills, California. Trading as International Hotel Investments (IHI), Corinthia Group operates globally and includes investment, development and operating arms, principally focused on high end real estate projects and operations. The acquisition of the neighbouring Maison and Mosaic Hotels by the Action Corinthia joint venture, in which IHI owns a minority stake, is part of a broader strategy for the Beverly Hills market, said a statement from Corinthia. The hotels will be operated in the immediate term by a specialist Los Angeles operator Palisociety under current branding arrangements, under the supervision of Corinthia's development arm Corinthia Real Estate Ventures (C-REV) and its Managing Partners Marcus Pisani and Alex Chazkel. C-REV will also handle asset management and explore opportunities for future value creation, it stated. Group CEO Simon Naudi said: "This is an important step forward for Corinthia. Beverly Hills is one of the world's foremost hospitality destinations and we are determined to add value and create luxury products and services to the benefit of the local community and our brand's global positioning." Action Real Estate Company Chairman Sheikh Mubarak A. M. Al Sabah said: "We are thrilled to announce our entry into the prestigious Beverly Hills market, marking a significant milestone in our strategic partnership with Corinthia." "As a company with a strong track record in global real estate and hospitality investments, this transaction represents an exciting new chapter for us," he stated. "With decades of experience in markets around the world, including Europe, the Middle East, and Asia Pacific, we are now expanding into the United States, which remains a key market for future growth and innovation," he added.- TradeArabia News Service
Zawya
20-03-2025
- Business
- Zawya
Corinthia joins Kuwaiti group to acquire prime US hotel properties
Corinthia Group, a major owner and developer of real estate and hotel assets across Europe, Middle East and Africa and US markets, has announced that it has teamed up with Kuwait-based Action Real Estate Company to acquire two boutique hotel properties totalling 100 keys in a prime location in Beverly Hills, California. Trading as International Hotel Investments (IHI), Corinthia Group operates globally and includes investment, development and operating arms, principally focused on high end real estate projects and operations. The acquisition of the neighbouring Maison and Mosaic Hotels by the Action Corinthia joint venture, in which IHI owns a minority stake, is part of a broader strategy for the Beverly Hills market, said a statement from Corinthia. The hotels will be operated in the immediate term by a specialist Los Angeles operator Palisociety under current branding arrangements, under the supervision of Corinthia's development arm Corinthia Real Estate Ventures (C-REV) and its Managing Partners Marcus Pisani and Alex Chazkel. C-REV will also handle asset management and explore opportunities for future value creation, it stated. Group CEO Simon Naudi said: "This is an important step forward for Corinthia. Beverly Hills is one of the world's foremost hospitality destinations and we are determined to add value and create luxury products and services to the benefit of the local community and our brand's global positioning." Action Real Estate Company Chairman Sheikh Mubarak A. M. Al Sabah said: "We are thrilled to announce our entry into the prestigious Beverly Hills market, marking a significant milestone in our strategic partnership with Corinthia." "As a company with a strong track record in global real estate and hospitality investments, this transaction represents an exciting new chapter for us," he stated. "With decades of experience in markets around the world, including Europe, the Middle East, and Asia Pacific, we are now expanding into the United States, which remains a key market for future growth and innovation," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
19-03-2025
- Business
- Zawya
Corinthia and Kuwaiti Action Real Estate Company acquire prime location properties in Beverly Hills
Corinthia Group, trading as IHI plc, announces that its recently formed partnership with Action Real Estate Company of Kuwait has acquired two boutique hotel properties totalling 100 keys in a prime location in Beverly Hills, California. The acquisition of the neighbouring Maison and Mosaic Hotels by the Action Corinthia joint venture, in which IHI plc owns a minority stake, is part of a broader strategy for the Beverly Hills market. Simon Naudi, Corinthia Group CEO, said: 'This is an important step forward for Corinthia. Beverly Hills is one of the world's foremost hospitality destinations and we are determined to add value and create luxury products and services to the benefit of the local community and our Corinthia brand's global positioning.' Action Real Estate Company Chairman Sheikh Mubarak A. M. Al Sabah said: 'We are thrilled to announce our entry into the prestigious Beverly Hills market, marking a significant milestone in our strategic partnership with Corinthia. As a company with a strong track record in global real estate and hospitality investments, this transaction represents an exciting new chapter for us. With decades of experience in markets around the world, including Europe, the Middle East, and Asia Pacific, we are now expanding into the United States, which remains a key market for future growth and innovation.' The hotels will be operated in the immediate term by a specialist Los Angeles operator Palisociety under current branding arrangements, under the supervision of Corinthia's development arm Corinthia Real Estate Ventures (C-REV) and its Managing Partners Marcus Pisani and Alex Chazkel. C-REV will also handle asset management and explore opportunities for future value creation. Corinthia Group operates globally and includes investment, development and operating arms, principally focused on high end real estate projects and operations. The Group announced last December that it had entered into a partnership with Kuwaiti-based conglomerate Action Real Estate Company to explore investment opportunities for luxury hotels and real estate at prime locations in the Americas and beyond. More recently, Corinthia marked its entrance into North America as a hotel operator with the opening of The Surrey, A Corinthia Hotel in New York, which has been transformed into a signature property – featuring 100 guestrooms and suites and 14 private residences – bringing a new design and luxury experience to one of the most coveted addresses on the Upper East Side of Manhattan. In other developments, the Group also recently completed the redevelopment of Brussels' historic Grand Hotel Astoria following an extensive €150 million rebuild and restoration of the landmark property, and, last week, announced plans to operate a landmark 102-storey hotel and residential project under development in the heart of Dubai. -Ends- For further information contact: Eve Williams StickyGinger ewilliams@ About Corinthia Group The Corinthia Group, trading as International Hotel Investments plc, is a publicly listed company founded in Malta in 1962. The Group owns, develops, and invests in real estate and hotel assets across Europe, the USA, Africa and the Middle East. Beyond its real estate portfolio, the Group owns Corinthia Hotels, an operating company that manages luxury hotels worldwide in gateway cities such as New York, London, Brussels and a healthy pipeline of locations under development. The Group's other subsidiaries specialise in project management, design and property development. About Action Real Estate Company Action Real Estate Company is an international real estate developer established in Kuwait in 2004, with a primary focus on real estate development, management, and hospitality. The company is a wholly-owned subsidiary of Action Group Holdings, a leading Kuwaiti conglomerate with diverse interests in investments, real estate, hospitality, IT, and energy. MEDIA CONTACT: Steve Mallia PR Strategist | Media Insiders E: smallia@ OR Ariadne Massa PR Strategist | Media Insiders E: amassa@
