Property
He travels frequently on his private Airbus A-340. He owns Glympton Park, Oxfordshire.
A few months after 9/11, Bandar went to Aspen, where he has a thirty-two-room mansion. He bought the land in 1989 and built the residence in 1991. On 12 July 2006, it was reported that Prince Bandar was seeking to sell his 56,000-square-foot (5,200 m2) mansion in Aspen, Colorado, for US $135 million. The palatial vacation home, called Hala Ranch, is larger than the White House, is perched on a mountaintop of 95 acres (380,000 m2), and includes 15 bedrooms and 16 bathrooms featuring 24-karat gold fixtures. In December 2006, the mansion was still listed for sale at $135 million. In December 2007, the 14,395-square-foot (1,337.3 m2) guesthouse was sold for a reported $36.5 mm. The purported reason for the sale is that Bandar was too busy to enjoy the mansion. Finally, he sold his Aspen ranch for $49 million to Starwood Mountain Ranch LLC in June 2012. It is reported that billionaire John Paulson bought Hala Ranch, and Paulson confirmed it.
Read more about this topic: Bandar Bin Sultan
Famous quotes containing the word property:
“Man was born rich, or inevitably grows rich by the use of his faculties; by the union of thought with nature. Property is an intellectual proposition.”
—Ralph Waldo Emerson (1803–1882)
“All over this land women have no political existence. Laws pass over our heads that we can not unmake. Our property is taken from us without our consent. The babes we bear in anguish and carry in our arms are not ours.”
—Lucy Stone (1818–1893)
“There is something that Governments care for far more than human life, and that is the security of property, and so it is through property that we shall strike the enemy.... Be militant each in your own way.... I incite this meeting to rebellion.”
—Emmeline Pankhurst (1858–1928)