Kingdom Hotel Investments (KHI), a subsidiary of the Saudi conglomerate Kingdom Holding Company (KHC), Chaired by Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, announced the completion of the sale of its 100% interest in the Swiss�tel Kunshan, China to TA Global Berhad for $60.6 million. After transaction costs and the repayment of debt, the pre-tax cash proceeds totaled $42.3 million.
� 2011 Al Bawaba (www.albawaba.com)
Source: http://www1.albawaba.com/main-headlines/kingdom-hotel-investments-completes-606-million-sale-deal
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