Access the main content

News

Prince Al Waleed plans to diversify his hotel portfolio

In an interview with Reuters, Prince Al Waleed bin Talal explained that he wants to further diversify Kingdom Holdings investments and seize new opportunities in finance and new technologies. He holds 20 to 30 hotel properties in Africa, the Middle East and Asia.

Already a shareholder of Citigroup, News Corp., EuroDisney, and more recently Twitter via his Kingdom Holding Fund, Prince Al Waleed has commissioned investment banks seek new investment opportunities to diversify risk.

To provide the means to invest in one or more large companies, the prince is ready to open his capital funds, of which he owns 95% of shares, and to diversify his assets. Within his sights, is the sale in two years of 20 to 30 hotels, with properties in Africa, the Middle East, and Asia, as he has just done for Fairmont Manila, Philippines.

However, he does not intend to withdraw from operator groups where he is associated, Mövenpick, Four Seasons, and Fairmont Raffles International, or even give up the "trophies" held in Europe as the Savoy London and the George V in Paris, or in North America, like the Four Seasons Toronto and participation in the Plaza in New York.
Loading...

Vous avez consulté 10 content. Go back home page or en haut de la page.

Access next article.

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?