"W Miami is a magnificent property which we are proud to add to our expanding US investment portfolio," said H.E. Sheikh Faisal Bin Qassim Al Thani, Chairman of Al Rayyan Tourism Investment Company (ARTIC). "It is our fifth investment in the US and our second in Miami, and its acquisition, which is fully in line with our targeted strategic approach, demonstrates the strides which ARTIC is successfully making in the global arena. We are excited to be working with Starwood Hotels & Resorts on this project in Downtown Miami. With the brand's proven success in this market and exceptional reputation as a lifestyle innovator, W Hotels will bring new energy to the area for residents and travellers alike."Following the success of W South Beach and W Fort Lauderdale, W Miami marks the third W in Florida, bringing Starwood's iconic category disruptor closer to reaching 75 hotels by 2020. About W Hotels Worldwide W Hotels is a contemporary, design-led luxury lifestyle brand and the industry innovator with 47 hotels, including 18 W-branded residences, in the most vibrant cities and exotic destinations around the world. Inspiring, iconic, innovative and influential, W Hotels provides the ultimate in insider access, offering a unique mix of cutting-edge design and passions around fashion, music and entertainment. With over 15 years of proven success, W Hotels is on track to reach 75 hotels by 2020. W Hotels have been announced for Punta de Mita, Shanghai, Tel Aviv, Goa, Abu Dhabi, Phuket, Dubai, Amman, Jakarta, Panama, Riviera Maya, Muscat, Hainan Island, Suzhou, Changsha, Chengdu, New Delhi, Kuala Lumpur, Shenyang, Marrakech, Brisbane, Aspen and Madrid. For more information, visit whotels.com or follow Twitter, Instagram and Facebook. About Al Rayyan Tourism Investment Company (ARTIC) Established in 2003, Al Rayyan Tourism and Investment Company (ARTIC), is a wholly owned subsidiary of Al Faisal Holding, based in Qatar. ARTIC is engaged in real estate development, acquisition and leasing with a primary focus on the hospitality sector and hospitality-related services both in Qatar and overseas.
In line with Al Faisal Holding's strategy for the growth of its domestic and international hospitality business, ARTIC's current portfolio comprises over 24 hotels and projects in the Middle East and Africa, Europe, and North America. In addition to its hotel portfolio in prime cities around the world, ARTIC owns hospitality-related services providing cost-effective support services in a shared service model, including laundry, catering and procurement services.Visit www.artic.com.qa www.facebook.com/ARTICQA www.linkedin.com/company/al-rayyan-tourism-investment-company