LEADERBOARD • INVESTING By Jason Lasrado
Top 10 Heritage Hotels With Owners From The Middle East
LEADERBOARD •
INVESTING
10
Methodology We looked at major hotels owned by people or companies based in the Middle East and ranked them based on: • Number of rooms • Price per room • Date of establishment • Government classification • History • Famous regular guests F O R B E S M I D D L E E A S T.CO M
1
Ritz Paris
Location: Paris, France Owner: Mohammed Al Fayed Nationality: Egyptian The Ritz Paris was built by Swiss businessman César Ritz in the Place Vendôme neighborhood in 1898. In 1979, Egyptian businessman Mohamed Al Fayed bought the Ritz for a reported $30 million and invested another $250 million to restore it to grandeur over the following decade. DECEMBER 2020
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Hotels of historical importance are dotted all across the world, showcasing the culture and history of their home countries. The value of these buildings lies not in their monetary worth, but in their founders and the stories behind them. A number of people from the Middle East have invested in these prestigious assets, especially in Europe, with London and Paris being the favorite destinations. Here is a list of heritage hotels owned by people from the Middle East.
