A unit of Dubai investment firm Istithmar, Istithmar Hotels, has announced the expansion of investments in Malta's International Hotel Investments.
Istithmar Hotels has subscribed to 178 million euros in new shares issued by IHI, which will increase the company's share capital to 500 million euros, according to Gulf News. IHI has investment portfolio focused on luxury hotels in different locations around the world.
The investment will provide IHI with the financial resources to expand its business through the acquisition of new hotels, as well as the development of five star hotels worldwide.
