Banking industry
The Canadian-owned Four Seasons Hotels chain has been acquired by a Saudi Arabian Prince for a significant stake. Prince Walid bin Talal, a billionaire with a reputation for savvy investments, has agreed to take a 25% ownership position in the company for $122.1 million. This move comes as luxury
Banking industry
Macquarie Underwriting, along with Prudential Bache and Potter Warburg, is courting top institutions to invest in the newly formed hotel property group AAPC Tourism Trust. The trust, capitalized at approximately $200 million, will hold the property assets of the AAPC Group, a $500 million company that owns and manages over
Hotels and motels
Air France's decision to sell its controlling stake in the Meridien hotel chain has been delayed, marking the third time the state airline has postponed its decision. The sale has been complicated by political and financial considerations, with the French Government seeking 20 billion French francs in aid
Hotels and motels
Air France has announced the sale of its majority stake in the luxury Meridien hotel chain to Forte PLC, a British company valued at 1.9 billion francs ($358 million). This purchase surpasses the bid made by the French consortium Accor, worth $377 million. Forte will acquire 57.3% of
Hotels and motels
Nestled in Ontario's picturesque Kawartha cottage country, the Eganridge Inn & Country Club offers a unique blend of luxury and history, set amidst a 40-hectare estate with lush green lawns and a scenic nine-hole golf course. The inn's centrepiece building, Dunsford House, is a magnificent log
Hotels and motels
Tucked away in the heart of Lake Huron's Bayfield village, The Little Inn of Bayfield is a charming boutique hotel that seamlessly blends traditional charm with modern comforts. This 19th-century Coaching Stop has been welcoming guests for over 150 years, with its original wooden veranda and cream-colored brick
Prime ministers
The Four Seasons Hotel in Boston has settled a discrimination case over its handling of the visit of Indian Prime Minister P. V. Narashima Rao last week. The hotel's management had assigned only white staff to serve the Prime Minister and his party, citing a request from the
Prime ministers
In May 1995, a shocking incident of racial discrimination occurred at the Four Seasons Hotel in Boston, where Indian Prime Minister P.V. Narasimha Rao was staying. Hotel staff were instructed that only white employees could serve the Prime Minister, sparking outrage and a commission investigation. The incident highlighted the
Banks (Finance)
The iconic Plaza Hotel, a flagship property in Donald Trump's real estate empire, is up for sale after a bank group led by Citibank retained a leading real-estate brokerage to assess purchase offers. The hotel, valued at $409 million when Trump acquired it in 1988, may fetch a
Banks (Finance)
Donald Trump may be in a bind as Citibank, the lead bank in a group that owns 49% of the Plaza Hotel, considers purchasing the remaining 51% stake in the iconic property. If successful, Citibank could potentially force Trump to sell his half of the hotel, which is collateralized by
