Singapore legendary hotel up for sale

SINGAPORE’S legendary Raffles Hotel, home to the Singapore Sling cocktail, has been put up for sale by its owner Prince Alwaleed of Saudi Arabia, according to reports in the local media.  The Fairmont Raffles Hotel International Group, part of the Prince’s Kingdom Holding Company, is seeking buyers at around UKP300m.  Other properties within the group are on offer as Fairmont tightens its purse strings in the global downturn.  Still on schedule however is a UKP100m investment in London’s Savoy Hotel, due to re-open later this year. www.raffles.com

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum