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Prince Alwaleed of Saudi Arabia Sells Stake In Mauritian Four Seasons Hotel For $40 Million

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Mfonobong Nsehe
Mfonobong Nsehehttps://www.jozigist.co.za
Mfonobong Nsehe is currently Nigeria and Kenya advisor to Pilot Fish Media. He is also the CEO of Hodderway Group, a Kenyan-based private limited liability company focused on brokering and delivering attractive, large-ticket transactions in Africa to select blue chip international investment partners. He travels extensively across Africa every year, meeting and interviewing the continent's wealthiest entrepreneurs and tallying their net-worth for Forbes' annual rankings of the World's Richest People and Africa's Richest People. He is also a contributing writer for Jozi Gist. You can follow him @MfonobongNsehe and on Linkedin

Kingdom Hotel Investments, a subsidiary of Saudi billionaire Prince Alwaleed Bin Talal Alsaud’s Kingdom Holding, has sold off its 50% stake in Four Seasons Resort Mauritius at Anahita to Sun Resorts, its joint-venture partner.

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The Four Seasons Resort Mauritius at Anahita opened in 2008 as part of a $200M mixed-use development project and is one of the most prestigious 5-star hotels in the Island nation. According to information available on Kingdom Holding’s website, the transaction was concluded last week for a net equity consideration of $40 million. Under the deal, the hotel will remain under the management of Four Seasons Hotels and Resorts. The 5-star property is currently closed for renovations until August.

Kingdom Hotel’s portfolio in Africa includes the Fairmont Hotels in Kenya and Seychelles, the Four Seasons in Marrakech, Morocco and the Movenpick in Accra-Ghana among others.

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