Arabian prince to build hotel in Da Nang

Representatives of the Kingdom Hotels Investments group (KHI, which has the prince of Arab Saudi Alwaleed Bin Talal Abdulaziz Alsaud as its chairman, Wednesday signed an agreement with the Da Nang authorities on the construction of a five-star hotel in the city in 2007 ( hotels in Da Nang).

Patricia Lee, Vice Chairwoman of the KHI group in Asia - Pacific, said that KHI will replace KDL Vegas to build the five-star Raffle hotel with initial investment capital of US$60 million in the central city of Da Nang.
Raffle Hotel will located on My Khe beach, with around 150 luxurious rooms, 15 villas (600sq.m per villa), and a high-class spa zone.
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(Source: Tuoi Tre)