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Grand Opening of an iconic property, the Savoy London

During the Grand Inauguration Ceremony of the Savoy in London, the Prince of Wales was greeted by Prince Alwaleed and Princess Ameerah and Kiaran Macdonald, General Manager. The Savoy, London’s most iconic and historic luxury hotel managed by Fairmont, is 50% owned by KHC and co-owned by Llyods Banking Group with a total cost of US$800 million for the purchase and renovation. The 268 room hotel is one of London’s landmarks since its opening in 1889. Fairmont Raffles is an integral component of KHC’s diverse hotel portfolio. Earlier this year, KHC announced an US$847 Million transaction with Qatari Diar involving Fairmont Raffles Holdings International (FRHI). Under the agreements, Voyager has acquired for a combination of cash and other consideration a 40% shareholding in FRHI.

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