A Dubai investment company has announced a deal with a US company to buy a hotel in Kentucky which it plans to revamp over the next few months.
Investra Investments and Banyan Investment Group said they have purchased the Comfort Suites in Newport, Kentucky, located on the Ohio River.
The six-storey, 124-all suites property will undergo a $1.75 million renovation during the next few months, they said in a statement.
Built in 1997, the hotel includes amenities such as a business centre, a fitness centre, three conference rooms, 10 two-room presidential suites with wet bars and whirlpool tubs.
http://www.arabianbusiness.com/dubai-investment-firm-inks-deal-buy-us-hotel-602530.html
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