This would be part of deal that sees Qatar fund buy 40% of Fairmont Raffles Sources say the Raffles Hotel is likely to change hands - for the third time in seven years - after shareholding changes at current owner Fairmont Raffles. Toronto-based luxury hotel chain Fairmont Raffles said on Monday that Qatar's sovereign wealth fund Qatari Diar has acquired a 40 per cent stake in the group, in a US$847...
Fairmont Raffles
SINGAPORE'S iconic Raffles Hotel has been reportedly bought by a Qatar sovereign wealth fund for US$275 million (S$384 million). Qatari Diar - the principal real estate entity of the Qatar Investment Authority - has purchased the historic property in Beach Road from current owner Fairmont Raffles, a Toronto-based luxury hotel chain, according to an Abu Dhabi newspaper, The National. Fairmont Raffles has...