Dec 18 2011 |
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Marrakesh Four Seasons Hotel major achievement for KHC
JEDDAH: Kingdom Holding Company ( KHC ) Chairman Prince Alwaleed bin Talal and Prince Moulay Rachid recently inaugurated the Four Seasons Hotel , Marrakesh."This is another important achievement for Kingdom Holding Company ," said Prince Alwaleed.
Princess Ameerah Al-Taweel, vice chairwoman of Alwaleed Bin Talal Foundation, attended the event.
The hotel has been constructed at a cost of $164 million and all 40 villas adjacent to the hotel have already been sold.
After the inauguration ceremony, Prince Alwaleed and Moulay Rachid toured the presidential suites, royal villas and the ballroom.
KHI , headquartered in Dubai and wholly owned by KHC , is the leading international hotel and resort acquisition and development company focused on high growth emerging markets such as the Middle East, Asia, and Africa.
The prince's investments in Morocco through KHC in addition to the Four Seasons Hotel , Marrakesh, include other hotel investments under construction in Morocco that will be managed by companies in which KHC holds an interest.
The delegation, accompanying Prince Alwaleed, comprised Nahlah Alanbar, private executive assistant to Prince Alwaleed, Hassna Alturki, executive assistant manager, travel and external affairs Department., Hani Agha, senior manager, travel and external affairs department, and Hicham Fleihan, manager, travel and external affairs department.
© Arab News 2011
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