Leisure & Hospitality Kuwait’s Action Real Estate enters US hospitality sector By Pramod Kumar March 20, 2025, 9:36 AM Corinthia Group Action Real Estate is now expanding into the US, which remains a key market for future growth and innovation, said chairman Sheikh Mubarak Al Sabah Kuwait’s Action Real Estate Company and Malta-based Corinthia Group have acquired two boutique hotels in a prime location in the US with a 100 rooms, the companies said in a statement. The acquisition of Maison 140 and the nearby Mosaic Hotel in Beverly Hills, California, by the Action-Corinthia joint venture is part of a broader strategy, the companies said. Corinthia formed the partnership with Action Real Estate, whose chairman is Mubarak Abdullah al-Mubarak Al Sabah, last December with a view to investing in luxury hotels and real estate in prime locations in the Americas. Talks start with Kuwait hotel group on $125m Egypt project Gulf hotel owners switch to franchises in search of profits Marriott to convert Cairo’s Mogamma building into hotel The hotels will be operated by Los Angeles-based Palisociety under branding arrangements, under the supervision of Corinthia Real Estate Ventures, Corinthia’s development arm. No financial details were disclosed. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
