Last Updated June 08, 2010
Investment firm moves into real estate advisory business.
The BMB Group, an investment and advisory firm, has invested in Beacon Hospitality Partners, a real estate adviser to Middle Eastern sovereign investors.
BMB has invested an undisclosed sum in Paris and Luxembourg-based Contrarian Capital Partners, which owns Beacon. The group says it now plans to buy other management companies to expand its reach in the real estate sector.
Beacon will be branded BMB Beacon and will be headquartered in Dubai.
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