Summary
THE flagship hotel based in the former offices of The Scotsman newspaper in Edinburgh has been sold to a billionaire Saudi philanthropist for GBP 63 million.
The Scotsman hotel, whose popularity with well-heeled guests, diners and spa visitors failed to compensate for shaky financial foundations, is to become the "blueprint" for a new international chain owned by Mohamed Bin Issa al-Jaber, whose multinational MBI International group is valued at GBP 2 billion.See the full content of this document
Extract
Scotsman Hotel Sold to Saudi for Gbp 63m
The golf-loving businessman, known in the Middle East for his support for Arab-Israeli reconciliation and women's education, is said to have been impressed by the hotel's inno...
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