Sale values Four Seasons Hotel Cairo at US$332m

CAIRO A subsidiary of Egypt’s Talaat Moustafa Group Holding has acquired the remaining 43.7% stake in Four Seasons Hotel Cairo at Nile Plaza from Prince Alwaleed Bin Talal’s Kingdom Holding Co.

The purchase price of US$145 million for the stake translates to a total value of US$332 million for the 366-key hotel, or US$1.1 million per guestroom.