Friday June 5, 2020 – Flamboyant Saudi Arabia Prince Al-Waleed bin Talal has sold his stake in the struggling Fairmont The Norfolk and Fairmont Mara Safari Club to a Nepalese for a whopping Sh 2.8 billion.
According to impeccable sources, the Prince who is currently caught up in an anti-corruption scandal back home, sealed the deal before the COVID19 pandemic.
The Nepalese tycoon who bought Al-Waleed’s shares is associated with the Chaudhary Group which acquired the two hotels and fired all its employees.
But in a dramatic turn of events, the Fairmont Hotels’ management rescinded its decision to send its employees packing.
In a memo on Thursday, the management said its earlier decision was reviewed after a consultative meeting held with the Workers Committee Management and the Kenya Union of Domestic, Hotels, Educational Institutions and Hospital Workers (KUDHEIHA) on Wednesday.
“We would like to reiterate that the owners, Fairmont Hotels and Resorts and subsequently Accor Hotels are very committed towards the health, safety and wellbeing of the employees,” the memo read in part.
The Kenyan DAILY POST