Singaore's Raffles Hotel sold for $476 mln -paper

Reuters - India
8 May 2008

SINGAPORE, May 8 (Reuters) - Singapore's landmark Raffles Hotel, jointly owned by Saudi Prince Alwaleed bin Talal's Kingdom Hotels International and U.S. private equity firm Colony Capital, has been sold for about S$650 million ($476 million), a local newspaper reported on Thursday.

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