US investment firm Colony buys Raffles' hotels for one bill




 
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July 18th, 2005  
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Topic: US investment firm Colony buys Raffles' hotels for one bill


AFP - Singapore's historic Raffles Hotel and Raffles Holdings' 39 other luxury hotels around the world will be sold to US investment fund Colony Capital for one billion US dollars.

http://news.yahoo.com/news?tmpl=story&u=/afp/20050718/ts_afp/singaporeusrafflescolony]Read more...[/url]