Saudi Prince Buys Fairmont Hotels For $3.9 Billion - GoFuckYourself.com

GTS Mark · 01-30-2006, 12:04 PM

http://money.canoe.ca/News/Sectors/C...353118-cp.html

Very interesting

DH

WonderWoman · 01-30-2006, 12:21 PM

Quote:

Originally Posted by DrinkingHARDER

http://money.canoe.ca/News/Sectors/C...353118-cp.html

Very interesting

DH

Seriously.... everything Waleed Bin Talal touches turns to gold. The man is a genius and isnt one of those typical spoiled princes. He took a VERY small fortune and turned it into an empire.

http://en.wikipedia.org/wiki/Kingdom_Holding_Company

Not to mention he owns LVMH. :-)

Screaming · 01-30-2006, 12:32 PM

Must be nice to have that kinda $$$

RayBonga · 01-30-2006, 12:36 PM

I bet he mades his money selling online porn

Manowar · 01-30-2006, 12:37 PM

dayumn thats some mad bling

WonderWoman · 01-30-2006, 12:39 PM

Quote:

Originally Posted by RayBonga

I bet he mades his money selling online porn

No... he started out with around $200k and played the stock market and slowly built it up. Then he just went out acquiring like mad.

This man is a machine... I have seen his set up and how he watches the stockmarket. Over 10 screens that he looks at all day long.

Sosa · 01-30-2006, 12:46 PM

lots of money there.

RayBonga · 01-30-2006, 12:49 PM

Quote:

Originally Posted by MoneyShotMadame

No... he started out with around $200k and played the stock market and slowly built it up. Then he just went out acquiring like mad.

This man is a machine... I have seen his set up and how he watches the stockmarket. Over 10 screens that he looks at all day long.

That's really interesting. Do you have a link?

KRL · 01-30-2006, 12:54 PM

He started with only $15,000 cash and taking a $400K equity loan on his house in 1979.

But you have to keep in mind he had connections to the Saudi royal family which certainly helps to open doors.

WonderWoman · 01-30-2006, 01:02 PM

Quote:

Originally Posted by RayBonga

That's really interesting. Do you have a link?

Unfortunately I cant find the link anymore since it was something I saw 5 years ago in Business Week or Time, cant remember. However here is an interview with NYT that is interesting:

http://www.nytimes.com/global/saudia...terview06.html

Phoenix · 01-30-2006, 01:13 PM

i think he bought the Rimrock then in Banff

was japanese owned whn i was there

chowda · 01-30-2006, 01:18 PM

made sense. this deal was better than having carl icahn trying to break up the chain.

i was always confused with fairmount and four seasons.. now its the same owner :D

MetaMan · 01-30-2006, 01:21 PM

i think that sucks, all these towel heads are buying are businesses, and we are going to wonder as Canadians in 10 years why there is no Canadian businessmen left and we are all working for americans + foreigners.

WonderWoman · 01-30-2006, 01:23 PM

Quote:

Originally Posted by MetaMan

i think that sucks, all these towel heads are buying are businesses, and we are going to wonder as Canadians in 10 years why there is no Canadian businessmen left and we are all working for americans + foreigners.

For some reason I was more partial to "camel jockies" but thanks.

Anyways... if someone is a smart business man.. you cant hate him for that. You snooze you lose.

chowda · 01-30-2006, 01:24 PM

Quote:

Originally Posted by MetaMan

i think that sucks, all these towel heads are buying are businesses, and we are going to wonder as Canadians in 10 years why there is no Canadian businessmen left and we are all working for americans + foreigners.

theres always cirque du soleil

RayBonga · 01-30-2006, 01:27 PM

Quote:

Originally Posted by MoneyShotMadame

Unfortunately I cant find the link anymore since it was something I saw 5 years ago in Business Week or Time, cant remember. However here is an interview with NYT that is interesting:

http://www.nytimes.com/global/saudia...terview06.html

Thanks

Rinaldo · 01-30-2006, 01:39 PM

Wow, that's big

dynastoned · 01-30-2006, 01:40 PM

anyone turning 15k cash and 400k equity into 23.5 billion deserves some respect. talk about trying to make a dollar out of 15 cents.. he must have gotten tired of looking at the dirt in that vast desert and not being able to see a stitch of pussy with all the rags covering the women. hes just living the american dream and doing it well.

Magnus · 01-30-2006, 01:51 PM

Fairmont has been looking for this deal for years.. they have wanted a company to invest and take them and put them on the Global map for Luxury and resort hotel locations. They had started partnering with Hotels in places like Dubai and buying up well established hotels in places like Bermuda but obviously too little at a time.

The company is Canadian that represents the Saudi Prince, but the hotel will be managed by an Asian company.

It will be very interesting to see what they do with the old Cp properties.

reynold · 01-30-2006, 11:57 PM

The tales of the rich and famous...

Well, they have all the money in the world. They can spend it like there is no tomorrow.

And while they are enjoying all the luxuries in this world, half of the planet is dying from hunger and poverty.

kristin · 01-30-2006, 11:59 PM

Must be fucking nice. Seriously.

Tralfamadorian · 01-31-2006, 12:05 AM

Quote:

Originally Posted by MoneyShotMadame

Not to mention he owns LVMH. :-)

So do I, it is a publicly traded company.

czarina · 01-31-2006, 12:08 AM

I do respect a person that can take nothing, and make something. But when they have, and use the family name, and ties, I dont see the same respect.

Kind of starts to slip into the Paris Hilton thing. She was loaded before. Sold her pussy, and made her own money. Would still be some skinny bimbo selling her pussy if it had not been for her name. Same with this guy. because of the name, people have jumped in, and helped him out, and he has grown.

TheGoldenChild · 01-31-2006, 12:32 AM

I am a huge fan of the Fairmont chain sayed there for the last two weeks.

jigga · 01-31-2006, 12:58 AM

Quote:

Originally Posted by MoneyShotMadame

No... he started out with around $200k and played the stock market and slowly built it up. Then he just went out acquiring like mad.

This man is a machine... I have seen his set up and how he watches the stockmarket. Over 10 screens that he looks at all day long.

Wrong, he made his money in construction originally....Also the Saudi's had a law (I'm sure they still probably do) where in order for a foreigner to create a business in their country they must have a Saudi partner.....he used his clout as a member of the royal family to create succesful income generating businesses for himself.

J$tyle$ · 01-31-2006, 01:35 AM

Quote:

Originally Posted by czarina

I do respect a person that can take nothing, and make something. But when they have, and use the family name, and ties, I dont see the same respect.

Kind of starts to slip into the Paris Hilton thing. She was loaded before. Sold her pussy, and made her own money. Would still be some skinny bimbo selling her pussy if it had not been for her name. Same with this guy. because of the name, people have jumped in, and helped him out, and he has grown.

You're entitled to you're opinion BUT IMO that's rediculous.

Leveraging contacts and relationships that drive success and humanitarian efforts DOES NOT take anything away from the ultimate results. It's smart business.

Quote:

Originally Posted by reynold

The tales of the rich and famous...

Well, they have all the money in the world. They can spend it like there is no tomorrow.

And while they are enjoying all the luxuries in this world, half of the planet is dying from hunger and poverty.

READ THIS and then speak about THIS GUY from a more educated position

Quote:

Originally Posted by MoneyShotMadame

Unfortunately I cant find the link anymore since it was something I saw 5 years ago in Business Week or Time, cant remember. However here is an interview with NYT that is interesting:

http://www.nytimes.com/global/saudia...terview06.html

BTW - thanks for that link, MoneyShotMadame - it was a very good interview. Time well spent learning about him

RayBonga · 01-31-2006, 01:43 AM

Quote:

Originally Posted by reynold

The tales of the rich and famous...

Well, they have all the money in the world. They can spend it like there is no tomorrow.

And while they are enjoying all the luxuries in this world, half of the planet is dying from hunger and poverty.

Commie...

The Sultan Of Smut · 01-31-2006, 02:00 AM

He's only a prince, I'm a Sultan

Pete-KT · 01-31-2006, 06:31 AM

Good for him, Im sure he is having fun investing his money, Hotels arent an easy thing to run especially when the economy is down

phogirl69 · 01-31-2006, 07:01 AM

http://www.menafn.com/qn_news_story_...StoryId=118763

He was a "smaller prince" his dad was the 21st son of the king, plus he only had 30k to start with, and made a lot of his dough with Citibank stocks.

Gottis · 01-31-2006, 07:33 AM

from the article: "You became Chairman at 14 and billionaire at 31. Now you are 50 years old."

Chairman at 14 lol, this dude had some big ass doors opened for him no doubt. Still, he's definitely one helluva businessman.

Gottis · 01-31-2006, 07:35 AM

Prince Al Waleed's investment in Citigroup was at a split adjusted price of $2.4 a share (the bank now trades above $49 on the NYSE ). His $600 million stake is now worth $12 billion.

Everybody thank the gulf war!

J$tyle$ · 01-31-2006, 08:47 PM

bump for an interesting thread

Vitasoy · 01-31-2006, 11:12 PM

Interesting stuff, thanks for the links.

01-30-2006, 12:04 PM	#1
GTS Mark Vrume Mark Industry Role: Join Date: Jan 2001 Location: Toronto, Canada Posts: 20,912	Saudi Prince Buys Fairmont Hotels For $3.9 Billion http://money.canoe.ca/News/Sectors/C...353118-cp.html Very interesting DH

01-30-2006, 12:32 PM	#3
Screaming I can change this!!!!! Join Date: Feb 2004 Posts: 18,972	Must be nice to have that kinda $$$ __________________

01-30-2006, 12:54 PM	#9
KRL Entrepreneur Join Date: Oct 2002 Location: USA Posts: 31,429	He started with only $15,000 cash and taking a $400K equity loan on his house in 1979. But you have to keep in mind he had connections to the Saudi royal family which certainly helps to open doors. __________________ If you would like to develop your domains, you can lease inexpensive foreign labor from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! * * * * * * * * * * * * Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

01-30-2006, 01:13 PM	#11
Phoenix BACON BACON BACON Industry Role: Join Date: Nov 2002 Location: Poems everybody, the laddie fancies himself a poet Posts: 35,462	i think he bought the Rimrock then in Banff was japanese owned whn i was there __________________ Skype Phoenixskype1 Telegram PhoenixBrad https://quantads.io

01-30-2006, 01:18 PM	#12
chowda Confirmed User Join Date: Jun 2003 Location: Gooch city Posts: 9,527	made sense. this deal was better than having carl icahn trying to break up the chain. i was always confused with fairmount and four seasons.. now its the same owner :D __________________ Someone finds you... 2007 PS: Nationalnet is the best host I've ever had. And i tried alot of them.

01-30-2006, 12:36 PM	#4
RayBonga too cool for highschool Join Date: Nov 2005 Location: East side, West side, Worldwide! Posts: 12,164	I bet he mades his money selling online porn

01-30-2006, 12:37 PM	#5
Manowar jellyfish Join Date: Dec 2003 Posts: 71,528	dayumn thats some mad bling

01-30-2006, 12:46 PM	#7
Sosa In Tushy Land Join Date: Oct 2002 Location: Nebraska Posts: 40,149	lots of money there.

01-30-2006, 01:21 PM	#13
MetaMan I AM WEB 2.0 Industry Role: Join Date: Jan 2003 Posts: 28,682	i think that sucks, all these towel heads are buying are businesses, and we are going to wonder as Canadians in 10 years why there is no Canadian businessmen left and we are all working for americans + foreigners.

01-30-2006, 01:39 PM	#17
Rinaldo Confirmed User Join Date: Sep 2003 Location: South Florida Posts: 5,086	Wow, that's big

01-30-2006, 01:40 PM	#18
dynastoned mmm yeah! Industry Role: Join Date: Feb 2005 Location: roseville, ca Posts: 5,061	anyone turning 15k cash and 400k equity into 23.5 billion deserves some respect. talk about trying to make a dollar out of 15 cents.. he must have gotten tired of looking at the dirt in that vast desert and not being able to see a stitch of pussy with all the rags covering the women. hes just living the american dream and doing it well.

01-30-2006, 01:51 PM	#19
Magnus Confirmed User Industry Role: Join Date: Dec 2002 Location: Ontariariooooo Posts: 1,211	Fairmont has been looking for this deal for years.. they have wanted a company to invest and take them and put them on the Global map for Luxury and resort hotel locations. They had started partnering with Hotels in places like Dubai and buying up well established hotels in places like Bermuda but obviously too little at a time. The company is Canadian that represents the Saudi Prince, but the hotel will be managed by an Asian company. It will be very interesting to see what they do with the old Cp properties. __________________ Magnus

01-30-2006, 11:57 PM	#20
reynold Too lazy to set a custom title Join Date: Oct 2002 Location: Global Traveler Posts: 51,271	The tales of the rich and famous... Well, they have all the money in the world. They can spend it like there is no tomorrow. And while they are enjoying all the luxuries in this world, half of the planet is dying from hunger and poverty.

01-30-2006, 11:59 PM	#21
kristin GOO! Industry Role: Join Date: Sep 2002 Location: Back Home : ) Posts: 9,768	Must be fucking nice. Seriously. __________________ Vacares rules. "Usually only fat guys have the kind of knowledge and ability that Kristin has."

01-31-2006, 12:08 AM	#23
czarina Webmaster Extraordinaire Industry Role: Join Date: Jul 2002 Location: A beautiful beach... Posts: 10,748	I do respect a person that can take nothing, and make something. But when they have, and use the family name, and ties, I dont see the same respect. Kind of starts to slip into the Paris Hilton thing. She was loaded before. Sold her pussy, and made her own money. Would still be some skinny bimbo selling her pussy if it had not been for her name. Same with this guy. because of the name, people have jumped in, and helped him out, and he has grown.

01-31-2006, 12:32 AM	#24
TheGoldenChild Confirmed User Join Date: May 2002 Location: Pacific Palisades Posts: 6,940	I am a huge fan of the Fairmont chain sayed there for the last two weeks. __________________

01-31-2006, 02:00 AM	#28
The Sultan Of Smut Confirmed User Join Date: Dec 2004 Location: Vancouver Posts: 4,325	He's only a prince, I'm a Sultan

01-31-2006, 06:31 AM	#29
Pete-KT Workin With The Devil Industry Role: Join Date: Oct 2004 Location: West Bloomfield, MI Posts: 51,532	Good for him, Im sure he is having fun investing his money, Hotels arent an easy thing to run especially when the economy is down

01-31-2006, 07:01 AM	#30
phogirl69 Confirmed User Join Date: Jul 2001 Posts: 3,330	http://www.menafn.com/qn_news_story_...StoryId=118763 He was a "smaller prince" his dad was the 21st son of the king, plus he only had 30k to start with, and made a lot of his dough with Citibank stocks.

01-31-2006, 07:33 AM	#31
Gottis Confirmed User Join Date: May 2004 Location: VIP NO ID Posts: 1,746	from the article: "You became Chairman at 14 and billionaire at 31. Now you are 50 years old." Chairman at 14 lol, this dude had some big ass doors opened for him no doubt. Still, he's definitely one helluva businessman.

01-31-2006, 07:35 AM	#32
Gottis Confirmed User Join Date: May 2004 Location: VIP NO ID Posts: 1,746	Prince Al Waleed's investment in Citigroup was at a split adjusted price of $2.4 a share (the bank now trades above $49 on the NYSE ). His $600 million stake is now worth $12 billion. Everybody thank the gulf war!

01-31-2006, 08:47 PM	#33
J$tyle$ Too lazy to set a custom title Industry Role: Join Date: Apr 2003 Location: Sunny San Diego Posts: 11,500	bump for an interesting thread

01-31-2006, 11:12 PM	#34
Vitasoy GFY HALL OF FAME DAMMIT!!! Join Date: Oct 2003 Posts: 58,202	Interesting stuff, thanks for the links. __________________ [email protected]