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Sheik Ahmed was a senior member of the ruling al-Nahayan clan, and since 1997 was charged with overseeing the day-to-day runnings of the Abu Dhabi Investment Authority (ADIA). The fund has stakes in companies including Citigroup, the Hyatt Hotels and Britain's Gatwick airport. Engorged with Abu Dhabi's substantial oil surpluses, ADIA's assets are estimated at between $300 billion and $800 billion. It was Abu Dhabi's wealth that helped bail out sister city-state Dubai when it ran short of funds to complete the world's tallest building - which was then renamed the Burj...

Author: /time Magazine | Title: Abu Dhabi Death Could Spark a Dynastic Struggle | 3/30/2010 | See Source »

Yotel Weary travelers faced with layovers at London's Heathrow or Gatwick airports have a new alternative to hours in an airport lounge. Yotel, a capsule hotel located inside the airports' terminals, offers passengers a relaxing respite. Think private cabin equipped with a bed, wi-fi, room service, a bathroom and a flat-screen TV. Guests can check in for as little as four hours for just $49. Globetrotters, rejoice: more locations are in the works...

Author: /time Magazine | Title: Hotel Happenings | 3/19/2008 | See Source »

...rural inn. Yet, says Beecham, "It's got concrete floors, exposed columns and exposed ceilings - it's very urban." Simon Woodroffe, owner of the YO! Sushi restaurant chain, is taking a similar, less-is-more approach to hospitality. Later this month he opens his first "Yotel" at London's Gatwick Airport. "We're doing what I call the Holy Grail of retail: delivering what rich people have to ordinary people," says Woodroffe...

Author: /time Magazine | Title: A Room with No View | 4/11/2007 | See Source »

...size of those on jetliners that include luxury "rain showers." There are no exterior windows, allowing the pods to be stacked and clustered in sites never before considered for hotels. "It's a very flexible product," says Russell Kett, managing director of hotel consultants HVS in London. The Gatwick Yotel is being crammed into a previously unused basement of the airport's South Terminal. The squeeze on space helps to shrink prices: rates are $107 for a standard room and $156 for a slightly larger cabin. While those charges are less than the London average, it's arguable they...

Author: /time Magazine | Title: A Room with No View | 4/11/2007 | See Source »

...morning of my flight to Gatwick Airport—July 21, 2005—terrorists attempted to bomb the London public transportation system. I wound up never leaving New York, never enrolling in “Development in the International Political Economy,” and I accepted it all as divine, terrifying providence...

Author: By Pablo S. Torre, CRIMSON STAFF WRITER | Title: Greetings from Cambridge, Mass. | 12/6/2006 | See Source »

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