Hotel deal

IFA HOTELS & Resorts is to invest for the first time in the US market.

United Investments Portugal (UIP) is one of the IFA Hotels & Resorts consortium members that were responsible for the development of the Sheraton Algarve Hotel.

The company has made its first investment into North America by completing a 300 million dollar hotel deal to be built in Central Manhattan.

This landmark investment signifies the company’s continued aggressive expansion into international markets.

Do you have a view on this story? Email: [email protected]