About Golden Triangle PLC

A joint venture between IHI plc and the Action Real Estate Group of Kuwait was formed in 2024 under the name Golden Triangle plc, with $18,000,000 of shareholder injected equity.

In February 2025, the joint venture acquired two adjacent hotels in the upmarket neighborhood of Beverly Hills, Los Angeles California, for a total consideration of $41,750,000. This was funded with $15,000,000 of shareholder equity and $26,750,000 of seller financing.

These acquisitions form part of a larger real estate acquisition and development plan in Beverly Hills that ultimately ties into the stated company objectives.

The JV is seeking to acquire a third property, an ultra-premium office and club space, that sits contiguously to the aforementioned hotels, and is seeking to raise a bond to realise that goal.

Full details are available to download here.

Internatıonal Hotel
Investments PLC

IHI is a real estate investor, developer and operator, focusing primarily on luxury hotels and serviced residences carrying its proprietary Corinthia Brand. The company’s core goal is the global growth of its Corinthia Brand as a significant player in the field of luxury travel and accommodation, and in so doing, benefitting from the entire value chain of investment, development and management of luxury hotels and serviced residences.

IHI is an issuer of debt securities listed and traded on the official list and since 2009, has made several offers to the public.

Other than investments in real estate, IHI owns three key operating companies:

  • Corinthia Hotels Limited, a hotel operator.
  • Corinthia Real Estate Ventures, a real estate development and asset management company.
  • QP, a design and project management company.

IHI and its various subsidiary companies are involved in 27 hotels and real estate developments worldwide as an investor, developer and/or operator.

Action Real
Estate Group

Action Real Estate is a closed shareholding company registered in Kuwait, which forms part of the family-owned business conglomerate Action Group Holdings. Action Real Estate was established in 2004 by H.E. Sheikh Mubarak Abdullah Al Mubarak Al Sabah. Action Group has three decades of successful track record, it’s a serial investor in all six GCC Gulf countries (Kuwait, Saudi Arabia, Bahrain, United Arab Emirates, Qatar, and Oman), also present in the overseas world markets, with diverse subsidiaries and operations active in more than 12 countries worldwide including Australia, UK, Germany, France, and the MENA region, covering various business sectors including investments, real-estate, trade & FMCG, hospitality & hotels, energy & oilfields services, information technology & consultancy.

The real estate division is the cornerstone of Action Group’s operations, and the group has a varied portfolio of real estate assets located in the State of Kuwait and the Gulf Cooperation Council countries. The group’s real estate since its establishment expanded to include commercial, office, residential, mixed-use and hospitality projects.

Since its inception, Action Real Estate has developed over 300,000 square meters of properties, including residential, industrial, and commercial properties. Action Real Estate’s activities in the real estate sector also extend to the development, management, and operation of large-scale real estate projects in Kuwait as well as neighbouring countries.

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