Prince Al Waleed sells his stake in Four Seasons Beirut for USD 100 million

Prince Al Waleed sells his stake in Four Seasons Beirut for USD 100 million

​Image via Four Seasons Beirut Facebook page Saudi Arabian investment firm Kingdom Holding Company (KHC) chaired by Prince Al Waleed Bin Talal, sold its stake in Four Seasons Hotel in Beirut for around USD 100-115 million including debt, according to Reuters.   Last November, HN had reported that KHC will be...

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USD 300 million worth Prince Alwaleed’s Beirut properties might be up for sale

USD 300 million worth Prince Alwaleed’s Beirut properties might be up for sale

It was reported that Kingdom Holding Company (KHC) chaired by Prince Alwaleed Bin Talal will be selling its two five-star properties in Beirut: Four Seasons Hotel Beirut and the Mövenpick Hotel Beirut. The Daily Star had reported that a source familiar with the case said that a Lebanese commercial bank...

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Judicial Committee of Dubai rules in Viceroy Hotels’ dispute with Five Holdings

Judicial Committee of Dubai rules in Viceroy Hotels’ dispute with Five Holdings

  Viceroy Hotel Group today obtained a favorable ruling from the Joint Judicial Committee of Dubai (JJC) in Viceroy’s ongoing dispute with the ultimate owner of the Viceroy Palm Jumeirah Hotel, Kabir Mulchandani, over the management and branding of the hotel.   The ruling enables Viceroy to enforce the injunction...

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Viceroy Hotels fights illegal takeover of Dubai hotel

Viceroy Hotels fights illegal takeover of Dubai hotel

  Viceroy Hotel Group, the Los Angeles-based international luxury hotel management group filed legal claims in California, Case No. BC674956, arising out of the unlawful ouster of Viceroy from its newly opened Dubai property. The claims seek redress from Dubai-based businessman Kabir Mulchandani, and entities he controls, for damage they have caused to Viceroy and...

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