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Saudi Prince Buys Luxury Hotel in Jakarta

Category: Asia Pacific
This is a press release selected by our editorial committee and published online for free on Friday 20 April 2007

Saudi Prince Al Waleed bin Talal has acquired the 365-room Four Seasons hotel in Jakarta at a price of US$60 million. The acquisition of the Four Seasons, which is located on a 24-hectare plot of land in the area of Kuningan, was only a first step by the prince towards expanding its business in the country, said Indonesia's Chief of Investment Board.

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