Some countries, like Saudi Arabia, where the population growth is very high, whereby you don't have the mortgage low yet. Still the demand outstrips supply by much.
Al-Waleed bin TalalThe lesson is that, No. 1, this management has to be at the highest class possible. No. 2, they have to have a succession plan.
Al-Waleed bin TalalI own almost 100 hotels in North America. Some of them are only in management, but some of them we have some small stakes in them.
Al-Waleed bin Talal