Prince Alwaleed bin Talal sell Four Seasons Hotel Jakarta

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Prince Alwaleed bin Talal sell Four Seasons Hotel Jakarta - Prince Alwaleed bin Talal to sell the entire ownership of the Four Seasons Hotel Jakarta and Movenpick Dar es Salaam in Tanzania with a value of U.S. $ 93 million, or about Rp837 billion.
Ownership Arabian Prince at the Four Seasons Hotel Jakarta reached 82 percent, while in Dar es Salaam 96 percent. These shares are owned by Kingdom Hotel Investments, a wholly-owned subsidiary of Kingdom Holding Company.
As reported Arab News, Prince Alwaleed completed two transactions in the fourth quarter of 2011 "This transaction marks the beginning of a new step to realize the Kingdom Hotel value of its investments," says Alwaleed. CEO of Kingdom Hotel SARMAD Zok admitted quite pleased with the increased investment in both the hotel. According to him, this shows a good performance for our shareholders. "We will continue to meralisasikan increase in value of investments in 2012," said SARMAD.
Alwaleed to buy Four Seasons Jakarta in July 2007. At that time the hotel is located on Jalan HR Rasuna Said, Setia Budi, Jakarta, named Regent. The investment value was U.S. $ 48 million. Nephew of the King of Saudi Arabia does have a lot of investment in Indonesia. In addition to the Four Seasons Jakarta, Alwaleed has also the Four Seasons Resort Bali at Sayan, Four Seasons Hotel in Jimbaran Bali, Raffles Hotel Bali in Jimbaran, as well as the Raffles Hotel in Jakarta. Oil baron also owns shares in Citigroup, which also operates in Indonesia.

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