No. 42



Prince al-Walid To Invest $200Mn In Lebanese Hotels

Prince al-Walid ibn Talal has announced that he will be investing some $200mn inLebanese hotels in deals concluded last week. The first is the purchase of land fromSolidere to build a Four Seasons hotel in Beirut, believed to be worth some $100mn. Thesecond is the acquisition of a 50% stake in a project to build a $100mn-plus Moevenpickhotel and resort complex in Beirut. The third is also a 50% interest...