from Bloomberg net news service (9/9):
Fairmont to Invest $62 Million in East Africa Over Two Years
By Eric Ombok
"Sept. 9 (Bloomberg) -- Fairmont Hotels & Resorts Inc., a Canadian hotel chain, will spend $62 million over the next two years refurbishing five inns in Kenya and expanding one on the Indian Ocean island of Zanzibar.
The Toronto-based company, acquired by a group led by Saudi Prince Alwaleed bin Talal in 2006, will spend $15 million upgrading its flagship Norfolk Hotel in the Kenyan capital, Nairobi, said Sean Billing, Fairmont's managing director for the region. Fairmont will spend $35 million at its other outlets in Kenya, in addition to the $12 million that will be invested its Zanzibar resort." ...
for the complete story
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment