Hotel sale.Hotel Sale: Colony Capital  This article may contain improper references to .Please help [ improve this article] by removing . LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a Los Angeles-based real estate investment firm, and a company owned by Saudi Prince Alwaleed bin Talal have agreed to purchase luxury hotel company Fairmont Hotels & Resorts Inc. for $3.9 billion. The all-cash deal, valued at $45 per share, is the latest by Colony to add international hospitality brands to its portfolio. Fairmont, based in Toronto, Canada, owns and operates 87 properties with 34,000 rooms. Colony picked up another luxury chain, Singapore-based hotel chain Raffles Holdings Raffles Holdings SGX: R03 is the parent company of Raffles International. It is owned by Temasek Holdings which is the investment arm of the Singapore government. In 2005, Raffles Holdings' hotel business ranked 17th or 18th in the world in terms of market capitalization and Ltd., last year for about $1 billion. The firm plans to combine Raffles Raffles leading Victorian criminal-hero. [Br. Lit.: Herman, 19–20] See : Thievery and Fairmont to create a single luxury global hotel brand with 120 hotels in 24 countries. |
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