HK Hotel Heir Bets on Middle East With Billion-Dollar Hotel Plan bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Key Takeaways: Regal Hotels and its sister property company Cosmopolitan International have signed a memorandum of cooperation with Saudi Arabia to develop hotels in the Middle East The partnership envisages an investment of up to $5 billion to build 50 hotels in the region, of which 30 would be in Saudi Arabia
(Bloomberg) For years, Adrian Cheng had all the trappings of a third-generation scion preparing to lead one of Hong Kong’s wealthiest clans into a new era. He infused his property projects with art, burnished Tsim Sha Tsui’s waterfront as a cultural district and invested in digital tokens. Most Read from BloombergCharlie Munger, Who Helped Buffett Build Berkshire, Dies at 99Musk’s Cybertruck Is Already a Production Nightmare for TeslaHamas Releases 12 Hostages Despite Claims of Truce Violatio