The historic Raffles Hotel in Singapore, famed for its colonial grandeur and the Singapore Sling cocktail, is to change hands in a deal worth $275 million (£180 million).The luxury 103-room hotel, a favourite watering hole of literary figures including Somerset Maugham and Rudyard Kipling, looks set to be acquired from Fairmont Raffles Hotels International by Qatari Diar, part of the state-controlled sovereign wealth fund, the Qatar Investment Authority. Full Story
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Qatar arm to buy Singapore's Raffles in $300m deal - The Australian
Qataris buy Singapore Raffles for $275m - Breaking Travel News
Singapore's Raffles Hotel likely to be sold to Qatar wealth fund - Earth Times
