[photopress:saudi_prince_al_waleed.jpg,full,alignright]Saudi Arabia’s Prince Al-Waleed Bin Talal has become the new owner of Traders Hotel Kunshan through his affiliate company Kingdom Hotel Investments, and he has renamed the hotel Swissôtel Kunshan.
(The prince is a most interesting person being a member of the Saudi Royal Family and being an investor in properties and stocks. Forbes magazine places his forthune at around $20.3 billion and lists him as the 13th richest person in the world. Note that in his investments he is not representing the Saudi royal family and is, indeed, outside of the political and ruling core of the kingdom. Instead he concentrates on making money at which he is very good. He is a large shareholder in Citigroup and Rupert Murdoch’s News Corp. He has investments in many hotels as well as Euro Disney. In January 2005 Prince Al-Waleed purchased the Savoy Hotel in London for an estimated £250 million, to be managed by Fairmont Hotels, in which Prince Al-Waleed owns an estimated 16% stake. In January 2006, in partnership with the U.S. real estate firm Colony Capital, Kingdom Holdings acquired the Toronto based Fairmont Hotels for an estimated $3.9 billion. There is a rumor he is trying to buy Everton Football club in England. Thus his purchase in Kunshan should be observed with interest.)
Swissôtel Kunshan is ideally located in the city centre of Kunshan and only 30 minutes from the ancient city of Suzhou and a 50-minute drive from Shanghai.
There are 387 rooms and suites which are fully equipped.
This is also already a MICE hotel to a degree. The pillarless (important) ballroom caters to a maximum of 500 guests or can be divided into two smaller rooms. There are also six function rooms equipped with the latest technology.
Source: World Technorati