Qatari government acquires 50% of Savoy Hotel London

11/12/2014 Argaam

Katara Hospitality Company, which is owned by the Qatari government, acquired 50% stake in Savoy Fairmont Hotel London in a business deal with Lloyds Banking Group.
 

Kingdom Holding Company said in statement obtained by Argaam that now the Hotel is now fifty- fifty owned by Kingdom Holding and Qatari Government.
 

Kingdom Holding holds 35% stake in Fairmont Raffles Hotels International Company mutually with Qatar Investment Authority.

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