qatar firm buys 50 of londons storied savoy hotel
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Qatar firm buys 50% of London's storied Savoy Hotel

Egypt Today, egypt today

Egypt Today, egypt today Qatar firm buys 50% of London's storied Savoy Hotel

London's first luxury hotel
Riyadh - AFP

A firm owned by the Gulf emirate of Qatar has acquired a 50 percent stake in London's legendary Savoy Hotel, its Saudi-based partner said on Thursday.
Katara Hospitality Co purchased its share of the hotel, formally known as Fairmont Hotel the Savoy, from Lloyds Banking Group, Kingdom Holding Co said.
KHC, 95 percent owned by Saudi billionaire Prince Alwaleed bin Talal, owns the other 50 percent of the Savoy.
The transaction "further solidifies the strategic partnership" between Alwaleed and the Qatari government through KHC, the Saudi firm said.
KHC owns 35 percent of Fairmont Raffles Holdings International Hotels Co in partnership with the Qatar Investment Authority.
The Savoy, built in 1889, was London's first luxury hotel and became home to Hollywood stars including Charlie Chaplin and Frank Sinatra.
It was also where Queen Elizabeth II, then a young princess, was first seen in public with her future husband, Philip.
Then-prime minister Winston Churchill held meetings at the hotel's Savoy Grill during World War II.
Alwaleed's diversified KHC also has investments in other luxury hotels including The Plaza, New York, and George V in Paris.

 

egypttoday
egypttoday

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*

qatar firm buys 50 of londons storied savoy hotel qatar firm buys 50 of londons storied savoy hotel



GMT 21:06 2017 Monday ,01 May

Will Smith at all-star Jazz Day in Cuba

GMT 06:25 2017 Monday ,27 November

Bali raises volcano alert to highest level

GMT 12:45 2018 Monday ,26 November

Israeli forces close entrance of village in Ramallah

GMT 12:14 2018 Monday ,08 October

HM King congratulates Ugandan President

GMT 13:49 2017 Thursday ,17 August

Alibaba posts 94% surge in quarterly profit

GMT 08:47 2017 Saturday ,10 June

CDD responds to 236 various incidents

GMT 00:31 2015 Saturday ,16 May

Canada plans 30% CO2 emissions cut by 2030

GMT 03:31 2017 Wednesday ,22 February

‘Man-made’ climate change a major woman’s problem

GMT 10:42 2017 Thursday ,16 November

Algeria FM leaves Cairo following tripartite meeting

GMT 11:08 2017 Tuesday ,03 October

Moscow, Riyadh willing to boost cooperation
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday