Kingdom Hotel Investments (KHI), a wholly-owned subsidiary of the Saudi Arabian conglomerate Kingdom Holding Company (KHC), chaired by Prince Alwaleed bin Talal, has signed an agreement with Ayalaland Hotels and Resorts Corp, a wholly-owned subsidiary of Ayala Land Inc.
Sarmad Zok, CEO,
Kingdom Hotel Investments, a regular AHIC supporter agreed: "The last few years have seen the Middle East emerging as a major player in the hospitality sector both in investment and development terms, and this is set to continue."
IFA Hotels & Resorts (IFA HR) said it has successfully completed three share transfers with its joint investment partner
Kingdom Hotel Investments (KHI).
RIYADH: Four Seasons Hotel Damascus owned by
Kingdom Hotel Investments (KHI) in which Kingdom Holding Company (KHC) holds a 54 percent stake, was awarded The Number One Hotel in Syria 2009 during the World Travel Awards 2009 event that was held in Dubai recently.
Kingdom Hotel Investments, controlled by Saudi billionaire Prince Alwaleed bin Talal, said it would post growth in net profit in 2008 on the performance of its hotel business and real estate sales.
Kingdom Hotel Investments (KHI) has signed a deal to sell its interest in Movenpick Resort & Spa Karon Beach Phuket in Thailand.
Kingdom Hotel Investments (KHI), controlled by Saudi billionaire Prince Alwaleed bin Talal, has sold its entire stake in Movenpick resort in Thailand to a Malaysian group for $90 million, according to media reports.
Kingdom Hotel Investments has completed the sale of its 39.3 per cent interest in the Four Seasons Resort Sharm El Sheikh for cash proceeds of $70 million.
Prior to founding Red Planet, Hansing was Senior Vice President Acquisitions of
Kingdom Hotel Investments from 2002-2009.
6 to approve the resignation of current board members Sarmad Nabil El-Zok, chairman and CEO of
Kingdom Hotel Investments headquartered in Dubai, and Samer Abu Ayash.
"We are not selling our stake and are comfortable with our rights relating to any sale by others," Sarmad Zok, chief executive of the prince's company,
Kingdom Hotel Investments, told the New York Times .