FOR SALE: Singapore’s Raffles Hotel

00

Saudi Arabia’s billionaire Prince Alwaleed is putting his flagship Raffles Hotel in Singapore on the market — for a cool £300 million!

The move is seen as a way for the Prince — who owns most of Raffles’ parent Fairmont Hotels as well as a sizable share of Four Seasons Hotels — to rein in costs during the global downturn.

Although not exactly starving, the Prince has seen his personal worth plummet from $22 billion to $13 billion over the past year.

Bummer!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: