Kennedy Wilson Europe Real Estate, a London-based company, announced it reached an agreement with SABD Holding for the purchase of the Fairmont Hotel St. Andrews, in Scotland, for about £32.4 million (approx. €40,5 millions).
As of January 1, 2014, Fairmont Hotels & Resorts operated 70 hotels gathering 27,903 rooms, according to MKG Hospitality's world rankings (full report here).
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