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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.
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Magnus
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