ARTIC Acquires Boscolo Aleph Hotel in Rome

Al Rayyan Tourism and Investment Company (ARTIC), the international hospitality subsidiary of Al Faisal Holding Company, announced its acquisition of the five-star Boscolo Aleph Hotel in Rome, Italy. The latest luxury hotel acquisition grows ARTIC’s portfolio to 24 premium properties across Europe, the Middle East, Africa and North America, in line with the Company’s expansion strategy focused on high quality assets in prime city center and resort locations. Tarek M. El Sayed, Executive Board Member commented: “ARTIC’s acquisition of the Boscolo Aleph Hotel underlines our investment focus on properties in the key cities of the world that meet our exacting standards for asset quality, location and architectural design.” Created in 2002 from a historic palace that housed the former offices of an illustrious credit house, now splendidly renovated, the hotel was designed by the famous architect Adam D. Tihany and is a winner of the Villegiature Awards for the best interior design in Europe.