TITLE

Recolonizing Raffles

AUTHOR(S)
Orr, Deborah
PUB. DATE
September 2006
SOURCE
Forbes Asia;9/18/2006, Vol. 2 Issue 15, p90
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the partnership between Colony Capital and Saudi Arabia Prince Alwaleed Bin Talal Alsaud to launch the Raffles Hotel in Asia. Grant Kelley, Asian head of Colony Capital, won the bid with the promise to retain the Raffles splendor and an offering price of $1 billion. Colony pulled this off with hardly a political ripple at a time when most private equity funds are finding a cold welcome for the billions of dollars they have piled up to invest in Asia.
ACCESSION #
22512885

 

Related Articles

  • Fairmont and Raffles unite.  // Travel Trade;2/8/2006, p9 

    The article reports on Colony Capital's partnership with Saudi Arabia Prince Alwaleed bin Talal to acquire the luxury hotel chain Fairmont Hotels and Resorts in Toronto, Ontario. The Kingdom Hotels International owned by Alwaleed and Colony are planning to merge Farimont's 87 luxury hotels with...

  • A princely portfolio.  // Business Travel World;Feb2005, p16 

    Features Alwaleed bin Talal bin Abdulaziz al-Saud, Prince of Saudi Arabia, and his business activities in the hotel sector. Acquisition of a holding in Toronto, Ontario-based Four Seasons hotels by the prince in 1994; Estimated number of hotel properties owned by the prince; Announcement of a...

  • Luxury hotel to get royal financing.  // MEED: Middle East Economic Digest;6/9/2000, Vol. 44 Issue 23, p12 

    Reports that Prince Alwaleed Bin Talal bin Abdulaziz al-Saud of Saudi Arabia has signed a memorandum of understanding with Palestine Development & Investment Co. to invest in a luxury hotel to be built in the Gaza Strip. Volume of shares to be acquired by the prince in the Al Mashtal Tourism...

  • Is £220m enough to restore the Savoy to its glory days? MCCLARY, SAMANTHA // Estates Gazette;10/9/2010, Issue 1040, p49 

    This article analyzes the reopening of the Savoy hotel in London, England, after its refurbishment. It expresses optimism for the hotel's return of investment despite competition from other hotels. It commends the money invested by owner Prince Alwaleed bin Talal in the redevelopment of the...

  • Checking In. Masters, Coco // Time International (South Pacific Edition);3/6/2006, Issue 9, p49 

    The article reports that Saudi Arabian Prince Alwaleed bin Talal bin Abdulaziz al-Saud is spearheading a $3.9 billion offer by his Kingdom Hotel International and Colony Capital Inc. to buy Toronto, Ontario-based Fairmont Hotels & Resorts. The two companies want to create a $5.5 billion high-end...

  • IPO PUTS NEW DUBAI EXCHANGE ON THE MAP. Neville, Laurence // Global Finance;May2006, Vol. 20 Issue 5, p4 

    The article reports on Saudi Arabian investor Prince Alwaleed bin Talal Alsaud's $397.2 million initial public offering (IPO) for the Kingdom Hotel Investments. According to the article, the Prince's choice of the Dubai International Financial Exchange (DIFX) for the listing will have long-term...

  • Capital, real-estate trends hot at ALIS. Ricca, Stephanie // Hotel & Motel Management;2/19/2007, Vol. 222 Issue 3, p4 

    Information about topics discussed at the Americas Lodging Investment Summit in the U.S. is presented. Leaders from the Industry Real Estate Finance Advisory Council are among the participants of the event. One of the issues discussed at the summit was the announcement of Kathleen Taylor,...

  • Prince keeps on spending. Selwitz, Robert // Hotel & Motel Management;11/7/94, Vol. 209 Issue 19, p3 

    Reports on Saudi Arabian Prince Al Waleed Bin Talal Bin Abdulaziz Al Saud's purchase of 25 percent interest in Four Seasons Hotels. Separate purchase of 25 percent of company chairman Isadore Sharp's personal holdings; Prince's control of two of the company's board of director seats; Benefits...

  • Pyramid Schemes. Hack, Susan // Fortune;4/16/2001, Vol. 143 Issue 8, p449 

    Reports on an increase in Middle East tourism, as of April, 2001. Efforts of Mideast tycoons to build tourism infrastructure; Mention of investors, including Saudi Arabia's Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud and United Arab Emirates Defense Minister Sheikh Mohammed bin Rashid...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics