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Singapore's Iconic Raffles Hotel Sold to Qatar Fund

Category: Hotels, Posted:22 Apr 2010 | 06:00 am

Sovereign Wealth Fund Qatari Diar has reportedly bought Singapore's iconic Raffles Hotel for US$275 million according to The National newspaper in the Middle East. The deal comes as part of a package which has seen the fund obtain 40% shareholding for US$467 in the Fairmont Raffles hotel chain.
Prince Alwaleed's Kingdom Hotel Investments has moved from a 58% controlling interest in the group to a 35% minority interest in the transaction. KHI owns the Moevenpick Resort in Karon and a few years ago sold its greenfield Raffles development in Tah Sai, Phang Nga to a group including Evolution Capital PCL who changed operator to Ritz-Carlton.
Much speculation remains regarding the management chain which brand stable includes Raffles, Fairmont and Swissotel.

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Cambodia Business Briefing – What Comes Next?

Category: Hotels|Real estate|Tourism, Posted:19 Oct 2021 | 08:13 am Hotels, tourism, and real estate are featured in next week’s virtual event – Cambodia Business Briefing. Organized by C9 Hotelworks and Delivering Asia Communications, the session will be on Tuesday 26th October, 3:00 pm Phnom Penh/Bangkok Time | 4:00 pm Singapore/Hong Kong. Cambodia remains one of Asia’s top-up and coming marketplaces. Pre-pandemic, its pace of […]
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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

Category: Tourism, Posted:07 Oct 2021 | 21:02 pm It’s Friday and we have a trio of video insights for you. Listen to an intriguing talk with Joe Cummings who is behind the first Lonely Planet Thailand guidebooks. Hear seven short real estate talks on the latest trends. And then, how is Thanyapura looking to expand their medical footprint across Phuket. Right here. Right […]