Saudi-based Kingdom Holding Company (KHC), a publicly listed company directed by Prince Alwaleed Bin Talal, has sold 95 percent of the 5-star Mövenpick Hotel Beirut property in Raouche.
The hotel has been sold for more than $125 million.
The property was bought by two companies: Universal Pan and Pine. One of the companies' shareholders are Lebanese and Saudi. Ali Dayekh is one of the shareholders. He had purchased the Four Seasons hotel earlier this year, also from Kingdom Holdin...
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