25 Apr 2005
Prince Alwaleed bin Talal sells stake in Geneva hotel
One of Malaysia’s richest men, Ananda Krishnan, has acquired a 50 per cent stake in Geneva’s Hotel des Bergues for an undisclosed sum from Saudi Prince Alwaleed bin Talal.
The prince – who also owns London’s Savoy hotel alongside stakes in both Euro Disney and Citigroup – bought the Geneva hotel two years ago for SFr127m (£56m, E82m, US$107m) retains a 50 per cent stake in the property, which is operated by Four Seasons. Details: www.hoteldesbergues.com
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