Kingdom Hotel Investments chief executive officer Sarmad Zok said in an interview published today that the company plans to consolidate its portfolio.
The company controlled by Saudi Prince Alwaleed bin Talal delisted on Nasdaq Dubai this month. It owns stakes in 27 hotel properties across 19 countries in the Middle East, Asia and Africa. This includes 23 operating hotels and resorts, and four under construction or in the initial stages of development. Kingdom has no plans to carry out any acquisitions at the moment.