Monday, June 25, 2007

Saudi Prince Eyes Renaissance KL Hotel at USD190 Million

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
[tags : ]

No comments:




Related Posts with Thumbnails