Kingdom Hotel Investments ("KHI"), the leading hotel and resort investment company, chaired by HRH Prince Alwaleed Bin Talal, is pleased to announce it has signed a contract to acquire the Karon Beach Hotel Phuket (currently managed by Crowne Plaza) from LaSalle Investment Management for an undisclosed sum. Details of the acquisition remain confidential pending final completion of the transaction. This is KHI's first acquisition in Asia and offers a prime freehold location in an area of
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