Financial highlights


Operating hotels

  Opened/
Acquired
Country % Equity Owned No. of Rooms Current Investment Property Debt(1)
          US$m US$m
Mövenpick Resort & Spa El Gouna 1996/2002 Egypt 29.3% 554 6.4 0.1
Four Seasons Nile Plaza, Cairo 2004 Egypt 43.7% 378 73.2 0.1
Four Seasons Damascus 2005 Syria 55.0% 297 63.5 13.9
Mövenpick Beirut 2002 Lebanon 81.2% 292 63.1 42.1
Mövenpick Resort El Quseir(2) 1995/2002 Egypt 94.6% 250 25.0 0.0
Mövenpick Hotel Bur Dubai 2001/2003 UAE 100.0% 312 - 25.9
Bur Dubai Residences 2006 UAE 100.0% - 25.5 26.6
Four Seasons Sharm El Sheikh 2002 Egypt 39.3% 200 28.4 15.5
Middle East/North Africa       2,283 284.9 108.7
Fairmont Kenya (four Properties)(3) Various/2005 Kenya 94.0% 396 56.6 5.0
Mövenpick Royal Palm, Dar es Salaam 1995/2004 Tanzania 96.0% 230 16.8 5.4
InterContinental Lusaka 1970/2006 Zambia 100.0% 225 37.9 0.1
Mövenpick Resort & Spa, Mauritius 2005/2006 Mauritius 100.0% 181 29.6 23.5
Four Seasons Mauritius 2008/2006 Mauritius 50.0% 90 12.3 30.4
Fairmont Zanzibar 2007/2006 Tanzania 30.0% 109 - -
Sub-Saharan Africa       1,231 153.2 64.4
Swissôtel Kunshan 2005/2007 China 100.0% 387 41.1 20.5
Four Seasons Jakarta 1995/2007 Indonesia 81.9% 320 48.6 -
Mövenpick Resort & Spa, Karon Beach 2006 Thailand 100.0% 351 71.2 26.8
Raffles Le Royal, Phnom Penh 1929/2007 Cambodia 100.0% 170 22.7 -
Raffles Grand Hotel d'Angkor Siem Reap 1932/2007 Cambodia 100.0% 125 10.7 -
Four Seasons Langkawi 2005/2007 Malaysia 90% 90 47.7 -50
Asia       1,443 242.0 97.3
Four Seasons George V Hotel, Paris(4) 1999/2006 France 25.0% 245 95.5 503.9
KHI Total Operating Investments       5,202 775.6 774.3
  • (1) Property debt represents 100% of the debt at each property as at 31 December 2008.
  • (2) KHI acquired an additional 7.3% equity interest in El Quseir as step-up acquisition in July 2008.
  • (3) KHI acquired an additional 24% equity interest in Kenya properties as step-up acquistion in October 2008.
  • (4) KHI realized cash proceeds of US$31.1 million throgh two subordinated and shareholder guaranteed loans in late 2007.
Notes
KHI's equity ownership represents the Company's effective ownership interest as at 31 December 2008.
Cost of investment includes acquisition and transaction costs as well as shareholders' loans and advances less returned capital.
Property debt, overdrafts, finance leases and other non-shareholder borrowings as at 31 December 2008.
KHI receives a 92% economic interest in the profits of Beirut Mövenpick despite its 81% equity interest.