Economics
Hotel Owners Ambushed by Saudi, Chinese, U.S. Geopolitics
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Hotels used to be gauged by the campaign strategy that won the presidency for Bill Clinton: it’s the economy, stupid. Nowadays, politics may determine their future.
The latest upheaval came with the arrest over the weekend of billionaire Saudi Prince Alwaleed bin Talal, whose Kingdom Holding Co. is co-owner of Four Seasons Hotels Ltd. and New York’s Plaza Hotel.