Arab Today, arab today saudi prince buys luxury toronto hotel
Last Updated : GMT 04:18:16
Arab Today, arab today
Arab Today, arab today

Saudi Prince buys luxury Toronto hotel

Arab Today, arab today

Arab Today, arab today Saudi Prince buys luxury Toronto hotel

Riyadh - AFP

Billionaire Saudi Prince Walid bin Talal\'s Kingdom Holding investment group said on Saturday it has purchased the luxury hotel Four Seasons Toronto, Canada for $200 million. \"The transaction was funded by a $130 million mortgage loan while $70 million came from (the company\'s) own resources,\" Hazem al-Dosari, a Kingdom Holding Company spokesman, told AFP. The Four Seasons Toronto features 259 guest rooms, including 42 suites. \"This transaction is in line with our investment strategy to develop hotels in selected key cities,\" Prince Walid said in a company statement announcing the deal. The prince, in his late 50s, has holdings in Citibank and Rupert Murdoch\'s News Corporation. Forbes magazine listed him last year as the 26th richest person in the world with assets of $19.6 billion. Kingdom Holding, of which he owns 95 percent, has stakes in Four Seasons and Fairmont Raffles Hotels International. In December last year, Prince Walid and his KHC announced a combined investment of $300 million in the social networking site Twitter.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi prince buys luxury toronto hotel Arab Today, arab today saudi prince buys luxury toronto hotel

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi prince buys luxury toronto hotel Arab Today, arab today saudi prince buys luxury toronto hotel

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday