QATAR AIRWAYS BUYS SHERATON SKYLINE HOTEL
Qatar Airways recently announced that it has purchased the 350-room Sheraton Skyline Hotel, close to London's Heathrow Airport in the UK, for an undisclosed sum. HVS Hodges Ward Elliott represented Qatar Airways in the transaction. This is the airline's first hotel acquisition outside of Qatar (the group currently owns the 400-room Oryx Rotana Hotel in Doha). The Sheraton Skyline will reportedly be renamed as the Oryx Sheraton Skyline London Heathrow. The purchase is in line with Qatar Airways' strategy to expand its hotel business.