YTL TO ACQUIRE THE MARRIOTT IN THE HAGUE

Malaysia’s YTL Corp is set to acquire the Marriott in The Hague, formerly the Bel Air Hotel, for €60.3 million (€197,000 per room). The hotel was acquired by Westmont Hospitality in 2015, who then undertook a major renovation and rebranded it under a Marriott franchise in 2016. It remains the largest hotel in the diplomatic city with 306 rooms and almost 3,000 sqm of meeting space.

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