Mercure Hotel Suites & Apartments FZ-LLC

Mercure Hotel Suites & Apartments FZ-LLC is a company registered in Dubai.[1200] [11] It was formerly known as Yassat Gloria Hotel Apartments FZ-LLC.[1201] [517] Mercure Hotel Suites & Apartments is ultimately owned by Leyla and Arzu Aliyeva, via the UAE registered company Sahra FZCO.[11] [5]

Mercure Hotel Suites & Apartments FZ-LLC is linked to the 41-story Mercure Barsha Heights hotel in central Dubai,[517] which was formerly known as Yassat Gloria Hotel Apartments.[667] This hotel was described as Leyla and Arzu Aliyeva’s source of wealth when they became clients of Pilatus Bank,[11] along with Dubai’s five-star Sofitel hotel and spa on the man-made Palm Jumeirah islands.[668].

While trading under its previous name, Yassat Gloria Hotel Apartments, the company held an account at the National Bank of Abu Dhabi (NBAD).[341] Between September 2015 and February 2017, the company transferred a total of 140.7 million AED ($38.3 million) from this account to the bank account of Sahra FZCO at Malta’s Pilatus Bank.[341] [433] [460] The payments were described as dividend distributions on SWIFT payment records.[341]