NO. 29


Financial and Banking News

Investment News

Prince Walid Leads Group To Take Control Of New York's Plaza Hotel

Saudi entrepreneur Prince al-Walid bin Talal is leading a group of investorswho are taking control of Plaza Operating Partners (POP), the company whichowns New York's Plaza Hotel. The deal values the hotel at $325mn and providesfor a joint venture consisting of CDL Hotels International and a companycontroled by Prince al-Walid to invest $28mn in the hotel...