(MENAFN - Arab News) The Raffles Hotel, Singapore was awarded Best Hotel in Asia, by Ultratravel in 2012.
Prince Alwaleed bin Talal, chairman of Kingdom Holding Company (KHC), commented on this award by saying: "This achievement is a reflection of Kingdom Holding Company's sound investment in the hospitality sector." KHC holds a 35 percent stake in Fairmont Raffles Holdings International (FRHI) that manages Raffles Hotel, Singapore.
Raffles Hotels & Resorts was formed in 1989 to restore, redevelop and manage the world-famous Raffles Hotel. This laid the foundation for Raffles Hotels & Resorts to become a world-class international hotel management company.
First milestone; After complete and careful restoration, Raffles Hotel, Singapore reopened on Sept. 16, 1991 to international acclaim. The spacious suites boast ceiling fans, timber floors and oriental carpets with lush tropical gardens and an interesting array of restaurants, Raffles Hotel, Singapore received rave reviews from residents.
In 2011, Makkah Clock Royal Tower was awarded the World's Leading Landmark Hotel Award during a ceremony held at Katara Cultural Village, Doha for announcing the winners of the World Travel Awards 2011.
An outstanding era of votes were cast globally by 213,000 travel professionals, including travel agencies, tour and tourism organizations from 160 countries. In the same year, Raffles Makkah Palace was Awarded the Middle East's Leading Luxury Hotel 2011 Award at the World Travel Awards.
Fairmont Raffles is an integral component of KHC's diverse hotel portfolio. In 2010, KHC announced an 847 million transaction with Qatari Diar involving Fairmont Raffles Holdings International (FRHI).