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Retail Tycoon M.A. Yusuff Ali’s Investment

by Forbes Middle East Forbes Middle East - Business News
In yet another addition to its luxury property portfolio, Twenty14 Holdingsthe hospitality investment arm of Lulu Group Internationalacquired Scotlands classic Waldorf Astoria Edinburgh.
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Twenty14 Holdings is owned by the U.A.E.-based business tycoon M.A. Yusuff Ali, more popularly known for the chain of Lulu hypermarkets.
The Caledonianlocally called Caleyis one of Edinburgs landmark building and was a former Victorian railway building hotel. The luxury property will be an addition to Twenty14 Holdings portfolio of $650 million worth assets spread across the Middle East, the U.K. and India. Located on Edinburgs Princes Street, the hotel will get a further $28 million revamp and expansion too.

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Created on Jan 19th 2018 01:33. Viewed 422 times.

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