Fairmont Hotels takeover

The earlier reported $3.3 billion takeover of Fairmont Hotels & Resorts Inc. by the Saudi prince Al-Waleed bin Talal looks set to go ahead after dissent debtholders withdrew their objections to the deal. Opposition was withdrawn after an additional $675,000 was offered. Fairmont currently owns 49 city centre and resort hotels, including The Fairmont San Francisco and The Fairmont Banff Springs.

Comments (0)

Leave a comment

Your actual name, not your online persona, website name, company name or keywords, otherwise your comment won't be published

Please do not advertise and make sure your comment adds value, otherwise we regret that it won't be published. Comments such as "Nice post. Thanks for sharing." do NOT add value to the discussion! Homepage links (not deep links) are allowed in the 'Website' field only - if you would like to advertise, please contact us for details and we will be happy to help.

If you want a picture to show with your comment, go get a Gravatar.

Our readers also enjoyed these posts…