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Kingdom Holding’s George V, Paris Awarded “Best City Hotel Worldwide” Prince Alwaleed: “George V hotel is the best & most prestigious in the world”

April 4, 2016

HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, Chairman of Kingdom Holding Company (KHC) said that “Paris’s Four Seasons Hotel George V is the best and most prestigious in the world” as it was awarded the “Best City Hotel Worldwide” in the 2015 Gallivanter’s Guide.

 

The George V’s luxurious and elegant interior and architectural design has made it unique. The décor is a combination of classical designs with a modern touch. The hotel’s interiors are adorned with magnificent tapestries and spectacular flowers. The hotel houses the famous Le Cinq restaurant that provides guests with an exceptional experience.

 

Prince Alwaleed acquired the George V in 1996 for $178 million. A two-year $125 million comprehensive renovation was started in 1997. The total cost of acquiring the hotel and renovation amounted to $303 million, reflecting the Prince’s dedication to restore the glory of this landmark. 

 

Since its reopening in 1999, the Four Seasons George V has become internationally-renowned for its top notch services. When the hotel reopened Prince Alwaleed commented saying, “I am confident that the George V with its new look will be the crown jewel of hotels in the world. Great efforts have been exerted to offer the best luxury services. I am sure that guests of the George V will experience unparalleled service.”

 

Founded in 1980, KHC is a publicly traded company which was listed on Tadawul (the Saudi Stock Exchange) in 2007. KHC is one of the world’s most successful and diversified business organizations, highly respected in the field of investments and recognized as an elite player in the Arabian Gulf region, and internationally. The Company is recognized as one of the largest foreign investors in the United States. KHC’s portfolio has its major interests in investment categories ranging from luxury hotels management, hotel companies (Four Seasons Hotels and Resorts, Fairmont Raffles Holding Intl and Mövenpick Hotels, Resorts AG and Swissotel) and real estate investment sector (Kingdom Tower project in Jeddah and Kingdom Tower and project in Riyadh and Kingdom City) to hotel real estate investments such as (The Plaza, New York, Savoy Hotel, London and Four Seasons, George V Hotel, Paris and other hotels). KHC also has investments in Petrochemicals (Tasnee) Media (News Corporation and 21st Century Fox), as well as in Entertainment (Euro Disney S.C.A). In addition, Banking and Investment sector (Citigroup), Technology (Twitter and JD.com) and Transportation (Lyft). Moreover, the Company has investments in Education (Kingdom Schools), Medical Services (Kingdom Hospital and Consulting Clinics), Aviation (NAS Saudi Arabia) in addition to the private equity sector.