KHC offloads $40m Mauritius hotel stake
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KHC offloads $40m Mauritius hotel stake

KHC offloads $40m Mauritius hotel stake

Kingdom Holding Co (KHC) has said it has sold its interest in the Movenpick Resort and Spa Mauritius hotel to Hawaii-based Outrigger Hotels and Resorts for SR150m ($40m), Reuters has reported. KHC, the investment vehicle for prince Alwaleed, will sell 20-30 hotels in the next two years while retaining ownership of its stake in major hotel management companies and in specific high-end hotels, prince Alwaleed said last month.

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