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1. Istithmar Hotels completes Purchase of Majority Stake in Mandarin Oriental, New York
Istithmar Hotels completes Purchase of Majority Stake in Mandarin Oriental, New York. Istithmar Hotels, a Dubai-based investment house, has completed the purchase of a majority stake in Mandarin Oriental, New York, the luxury five-star hotel which is part of the Time Warner Center in New York City. Istithmar Hotels has purchased 73% of the property, buying 25% from Mandarin Orienta
2. International Hotel Investments welcomes Istithmar Hotels of Dubai as New Strategic Investor and
International Hotel Investments welcomes Istithmar Hotels of Dubai as New Strategic Investor and Partner. International Hotel Investments of Malta is increasing its issued capital to over Euro 500,000,000, welcoming Istithmar Hotels of Dubai as a new strategic investor and partner.
3. Istithmar Hotels partners with Thai developer Amburaya Resorts
Istithmar Hotels partners with Thai developer Amburaya Resorts. Istithmar Hotels, is partnering with Thai developer Amburaya Resorts to build and operate the W Hotel & Residences – Koh Samui, a 70-room luxury hotel opening in late 2008.
4. JV involving Dubai-based Istithmar and UK-based London & Regional Properties purchases Victoria
JV involving Dubai-based Istithmar and UK-based London & Regional Properties purchases Victoria & Alfred Waterfront in Cape Town.
5. Istithmar and Golden Land to Develop Baht 4.3 Billion Bangkok Hotel
Istithmar and Golden Land to Develop Baht 4.3 Billion Bangkok Hotel. The 30-storey 400-room hotel and conference centre will start construction later this year and is planned to open in 2010.
6. Istithmar and IFA Hotels & Resorts appoint main contractor for the Palm Golden Mile in Dubai
Istithmar and IFA Hotels & Resorts appoint main contractor for the Palm Golden Mile in Dubai.
7. Dubai World to Develop US$150 million Resort in Zanzibar
Dubai World to Develop US$150 million Resort in Zanzibar. Istithmar, a Dubai World company, is to invest US$ 150 million in developing a new luxury resort in Zanzibar, following a strategic agreement between the company and the Zanzibar government. The 76-hectare site at Muyuni Beach will contain a 50-room residence and spa retreat, and a 150-room luxury hotel. Both of the developm
8. Dubai World centralises Retail Activities under Nakheel banner
Dubai World centralises Retail Activities under Nakheel banner. Nakheel Retail will provide planning, development and management services to the Dubai World group of companies. Previously called Istithmar Retail, the division will now operate under the Nakheel name in order to capitalise on the property development company's experience and expertise in the residential sector and to

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