• Kingdom may sell minority stakes in hotels

Kingdom Holding may sell some of the minority stakes it holds in hotels as part of a plan to focus on higher-earning properties.

The properties have not been identified but Kingdom Holding owns a 50% stake in The Savoy Hotel in London, 35.5% of The Plaza Hotel in New York and 50% of the Fairmont in San Francisco, news wires reported.

Wire report here: http://www.bloomberg.com/news/2010-07-04/alwaleed-s-kingdom-holding-may-sell-minority-stakes-in-hotels-zok-says.html

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