Singapore's Iconic Raffles Hotel Sold to Qatar Fund

Category: Hotels, Posted:22 Apr 2010 | 06:00 am

Sovereign Wealth Fund Qatari Diar has reportedly bought Singapore's iconic Raffles Hotel for US$275 million according to The National newspaper in the Middle East. The deal comes as part of a package which has seen the fund obtain 40% shareholding for US$467 in the Fairmont Raffles hotel chain.
Prince Alwaleed's Kingdom Hotel Investments has moved from a 58% controlling interest in the group to a 35% minority interest in the transaction. KHI owns the Moevenpick Resort in Karon and a few years ago sold its greenfield Raffles development in Tah Sai, Phang Nga to a group including Evolution Capital PCL who changed operator to Ritz-Carlton.
Much speculation remains regarding the management chain which brand stable includes Raffles, Fairmont and Swissotel.

Other News

RISE 2025 Event Announced – Reshaping Hospitality by Empowering Women

Category: Hotels|Tourism, Posted:03 Jul 2025 | 07:30 am RISE 2025 – Reshaping Hospitality by Empowering Women is a full-day learning and development event dedicated to advancing women in hospitality. Centered around the theme of rising together, the event provides an inspiring platform for career growth, skill-building, and meaningful dialogue. Attendees will experience a dynamic day that includes a main keynote session, practical workshops, […]

New Asia Branded Residences Market Report Released by C9 Hotelworks

Category: Hotels|Real estate, Posted:24 Jun 2025 | 10:13 am Branded Residences in Asia climbs to a historic high of USD30.7 billion, with Thailand leading by market share, according to C9 Hotelworks new report. Of note, Vietnam is forecasted to lead Asia with one in four branded residence units, recorded as the region’s largest pipeline in data from the newly released Asia Hotel Branded Residences […]

Session Videos From Being Thailand 2025 Wellness Event

Category: Hotels|Tourism, Posted:16 Jun 2025 | 12:05 pm In case you missed the Being Thailand 2025 event in Phuket on 19th May 2025, we are circulating videos of the main stage presentations. C9 Hotelworks is proud to have co-organized with QUO Global and Mrs B Group this amazing full-day active event about wellness, wellbeing, and tourism. Over 600 people registered for the event, […]

More Insider News