28 Mar 2007
KHI releases pre-results statement
BY Sarah Todd
Dubai-based hotel and resort company Kingdom Hotel Investments (KHI) has announced that the majority of its operating hotels performed strongly last year, despite difficult trading conditions in Beirut in the second half of 2006 following the war in Lebanon.
The company has also announced a US$152m (114.3m euro, £77.9m) hotel and residences development on Makati Avenue in Manila, the Phillipines, which will include a Fairmont and a Raffles hotel, both with spas, and branded residences.
Photograph: KHI acquired the Four Seasons Langkawi resort in March
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