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Fairmont finds white knight By TAVIA GRANT Monday, January 30, 2006 Posted at 7:42 AM EST Globe and Mail Update Fairmont Hotels & Resorts Inc. agreed to be acquired for $3.9-billion (U.S.) by Saudi Prince Alwaleed bin Talal's Kingdom Hotels International and investment firm Colony Capital, thwarting a takeover attempt by U.S. investor Carl Icahn. The transaction values the Toronto-based company at $45 a share, 12.5 per cent more than Mr. Icahn's $40-a-share bid in December. Fairmont's board unanimously approved the Saudi offer and continues to recommend shareholders reject Mr. Icahn's offer. Prince Alwaleed bin Talal bin Addulaziz Alsaud is...

April 16, 2009 Raffles Hotel put on market as Prince Alwaleed attempts to stop wealth draining away Dominic Walsh A byword for colonial grandeur, and a favourite watering hole of such literary luminaries as Somerset Maugham, Joseph Conrad and Rudyard Kipling, Raffles Hotel, home to the Singapore Sling cocktail, has been put up for sale for up to $450 million (£300 million). Apparently, the hotel's owner, Prince Alwaleed of Saudi Arabia, is feeling the pinch. The Times understands that Fairmont Raffles Hotels International, in which the Prince's Kingdom Holding Company (KHC) has a controlling stake, is seeking buyers for its...

Just who is Donald J. Trump's Prince, and why has he come now to buy into the Plaza Hotel? Prince Walid bin Talal is the Saudi ruling family's most prominent -- and most adventurous -- international investor, with large stakes in Citicorp, Four Seasons Hotels, Fairmont Hotels, Euro Disney and Saks Fifth Avenue, which is controlled by Investcorp of Bahrain.

Fairmont Hotels and a New York investment firm pulled out of a $46 million deal to buy the Peaks Resort, leaving Telluride’s largest hotel in long-term limbo as it prepares to reopen for the ski season. Two people with direct knowledge of the negotiations — one from each side of the table — said the hotel’s expensive infrastructure problems had torpedoed the deal. After examining the Peaks, buyers Fairmont and Manhattan-based Thor Equities concluded that the hotel needed $6-7 million in repairs, on top of a planned $60 million renovation... The impasse didn’t break, and on Friday, Fairmont and Thor...