Who is Khalid Affara?
Khalid Affara is the CEO of Arab Investments. He was born on Dec 4, 1966. He is the owner of a company named City and County Hotels, which runs a small hotel chain.
City and County Hotels
The company operates 5 hotels: Ten Manchester Street, The Wellesley Hotel, The Royal Hotel Cardiff, Wyck Hill House and The Langley Bucks. The Langley is a former hunting lodge of the Duke of Marlborough.
The Wellesley Hotel is part of Starwood’s Luxury Collection.
Arab Investments Limited was founded in 1982 by Khalid’s father Mohammed Affara. It is active in property investments. It was the developer of a London tower, which was known as the Pinnacle. Under the original plans, The Pinnacle was to become the second-tallest building in the United Kingdom. The Economic Development Corporation of Saudi Arabia and its development manager, Arab Investments, largely funded the construction. They invested £500 million in it in return for a majority stake in the structure. However, the build was put on hold due to a lack of additional funding and letting commitments.
How Much is Khalid Affara Net Worth?
His net worth is estimated at $200 million. His assets include The Wellesley Hotel, Wyck Hill House, the yacht Wellesley, and other investments.
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