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Saudi Arabia Taps New $400 Million Fund to Help Build Ennismore Branded Lifestyle Hotels
Saudi Arabia's tourism development fund said it would help invest in the building of lifestyle hotels in the kingdom through a new hotel investment fund worth $400 million (1.5 billion Saudi riyals) that Al Rajhi Capital will manage. Ennismore, a lifestyle hospitality joint venture with Accor, will pinpoint locations, provide financing options, and lead the…
Sean O'Neill | 2 years ago