{"id":628378,"date":"2018-05-02T04:18:50","date_gmt":"2018-05-02T04:18:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/prince-alwaleed-bin-talals-khc-sells-movenpick-hotels-to-accorhotels\/"},"modified":"2018-05-02T04:18:50","modified_gmt":"2018-05-02T04:18:50","slug":"prince-alwaleed-bin-talals-khc-sells-movenpick-hotels-to-accorhotels","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/prince-alwaleed-bin-talals-khc-sells-movenpick-hotels-to-accorhotels\/","title":{"rendered":"Prince Alwaleed bin Talal\u2019s KHC sells Movenpick Hotels to AccorHotels"},"content":{"rendered":"<p><strong>Prince Alwaleed bin Talal\u2019s KHC sells Movenpick Hotels to AccorHotels: <\/strong>Prince Alwaleed bin Talal\u2019s Kingdom Holding Company (KHC) and its partners have signed an agreement to sell Movenpick Hotels and Resorts (MHR) to AccorHotels for CHF 560 mn (USD 567 mn), according to a <a href=\"http:\/\/www.kingdom.com.sa\/khc-announces-the-integration-of-%E2%80%A8movenpick-hotels-resorts-into-accorhotels-to-boost-further-growth\">statement by KHC<\/a>. The transaction, which is expected to be completed in 2H2018, will \u201cenable MHR to benefit from Accor\u2019s leading distribution channels, global operating systems, innovative digital technology and attractive loyalty program,\u201d the company said. KHC subsidiary Kingdom Hotels holds a 33.3% equity interest in MHR.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prince Alwaleed bin Talal\u2019s KHC sells Movenpick Hotels to AccorHotels: Prince Alwaleed bin Talal\u2019s Kingdom Holding Company (KHC) and its partners have signed an agreement to sell Movenpick Hotels and Resorts (MHR) to AccorHotels for CHF 560 mn (USD 567 mn), according to a statement by KHC. The transaction, which is expected to be completed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628378","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e063b041-c400-4b07-8d2e-44fb363a5ef8","order":"0","is_powered_by":true,"section_story_id":"8ed63599-9766-42f7-9186-e4d25657568d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628355],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Prince Alwaleed bin Talal\u2019s KHC sells Movenpick Hotels to AccorHotels - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/02\/prince-alwaleed-bin-talals-khc-sells-movenpick-hotels-to-accorhotels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prince Alwaleed bin Talal\u2019s KHC sells Movenpick Hotels to AccorHotels\" \/>\n<meta property=\"og:description\" content=\"Prince Alwaleed bin Talal\u2019s KHC sells Movenpick Hotels to AccorHotels: Prince Alwaleed bin Talal\u2019s Kingdom Holding Company (KHC) and its partners have signed an agreement to sell Movenpick Hotels and Resorts (MHR) to AccorHotels for CHF 560 mn (USD 567 mn), according to a statement by KHC. 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Kingdom Holding Company, which is chaired by Saudi Prince Alwaleed bin Talal, said in a statement it had purchased a 7%\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634975,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/30\/kingdom-holdings-stocks-recover-after-prince-alwaleeds-release\/","url_meta":{"origin":628378,"position":1},"title":"Kingdom Holding\u2019s stocks recover after Prince Alwaleed\u2019s release","author":"enterpriseam admin","date":"30 January 2018","format":false,"excerpt":"Shares in Alwaleed bin Talal\u2019s Kingdom Holding quickly recovered to their position prior to Saudi Arabia\u2019s corruption crackdown began in November, Bloomberg reports. \u201cKingdom Holding rose 2.5 percent to 10.29 riyals on Monday, exceeding the level it was trading at before Saudi Arabia shocked investors with the arrest of dozens\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642120,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/07\/alwaleed-bin-talal-to-invest-north-of-usd-800-mn-in-hotel-projects-with-egypts-tmg\/","url_meta":{"origin":628378,"position":2},"title":"Alwaleed bin Talal to invest north of USD 800 mn in hotel projects with Egypt\u2019s TMG","author":"enterpriseam admin","date":"7 August 2017","format":false,"excerpt":"INVESTMENT WATCH- Globally prominent Saudi businessman Alwaleed bin Talal\u2019s Kingdom Holding Company will be investing more than USD 800 mn in projects alongside Egypt\u2019s Talaat Moustafa Group (TMG) under an agreement inked with Investment and International Cooperation Minister Sahar Nasr on Sunday, a statement said. 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