Kuwait-based Shariah-compliant investment firm Dimah Capital Investment Co., a unit of Al Imtiaz Investment Group, has acquired Residence Inn Hotel in Seattle, U.S.
The property was acquired for approximately $118 million.
Marriott Residence Inn consists of 302 rooms, a business area as well as a car park.
Dimah Capital said that the company made the acquisition through collaboration with U.S. hospitality company Stonebridge Companies.