Subscription to the Four Seasons Hotel Project in Beirut has closed after the issue was subscribed to in record time.
The project cost is estimated at $100 million.
The project is currently under development in Beirut's downtown area, Solidier.
The Kingdom Hotel Investment Group's (KHI) is the major shareholder in the project.
This is the group's second undertaking in Lebanon after the Mšvenpick Beirut hotel opened in July of this year.
This brings the group's total Lebanese investments to $250 million.
Investors that have subscribed to the Four Seasons Beirut hotel project include, from Kuwait, the International Financial Advisors (IFA), Mohammed Abdul Rahman Al Bahr, Mohammed Abdul Muhsin AlKhurafi Company, and from Saudi Arabia Sami Musaed Al Saif.
TTN is the most established trade publication in the Middle East distributed on a controlled circulation basis to members of the travel and tourism industry.
Published monthly by Al Hilal Publishing and Marketing Group, the region’s foremost trade publisher, TTN is aimed at professionals in the industry, from travel agents to airline and hotel personnel.
TTN provides in-depth and extensive coverage of relevant issues in the Middle East and North Africa as well as in other parts of the world. Travel related news, analysis, and new appointments together with information on up-coming exhibitions, marketing and promotional campaigns are presented in an innovative and striking colour tabloid.
Every issue also contains a collation of international and regional news and topical features of interest to readers.