Habtoor: Al Habtoor Group initiates arbitration against Marriott over management agreement termination

RIYADH: Business giant Al Habtoor Group has filed an arbitration case against Marriott International, the Dubai-based conglomerate confirmed to Arab News. The corporation is seeking to terminate a management agreement with the hotel giant and is pursuing substantial compensation. Al Habtoor Group's spokesperson told Arab News that the arbitration case was lodged through its subsidiary in Budapest. They added that the objective is "to terminate the management agreement of the Ritz Carlton Budapest and claim high compensation."