Billionaire Saudi Arabian Prince Alwaleed bin Talal is making a USD 190 million bid for a five star hotel in Kuala Lumpur, a local daily reported.
The prince is making a bid for Renaissance Kuala Lumpur Hotel, a joint venture between IGB corporation Bhd and Hong Kong's New World Group.
In an interview with London's financial times earlier this year, Prince Alwaleed said his Dubai listed kingdom Hotel Investments has USD 1 billion that would be used for expansion in Asia.
Source : Travelweekly
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