The Four Seasons Hotel, left, in Beirut. (The Daily Star/Hasan Shaaban)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Saudi-based company Kingdom Holding sold its stake in the Four Seasons Hotel in Beirut for $120 million to a group of Lebanese and Arab investors, sources said Tuesday.Sources say that the remaining investors have not yet been identified.The Daily Star reported last year that the financial arm of a leading Lebanese bank had been trying to find new investors for the Four Seasons Hotel in Beirut in addition to the Movenpick Hotel Beirut, which is also owned by Kingdom Holding.A source at the time said Kingdom Holding approached the bank before the arrest of Prince Alwaleed. The source at that time did not reveal the names of potential investors in the Four Seasons, saying the bank had signed a nondisclosure agreement with the potential buyers.
Bank Audi’s Turkey subsidiary weathering the crisis: Baz
Baz: False perceptions have hit interest rates
Saddam-era Iraq deposits were repatriated: Torbey
FOLLOW THIS ARTICLE