Kingdom Holding Company (KHC) has sold the Fairmont Copley Plaza in Boston, US for $100m.

The hotel will remain under the management of Fairmont Raffles, which is part of KHC’s hotel portfolio.

KHC announced an $847m transaction with Qatari Diar involving Fairmont Raffles Holdings International (FRHI).

Under the deal, Voyager acquired a 40% stake in FRHI, according to TradeArabia News.

QD Hotel and Property Investment will provide FRHI with a number of future management contracts for hotels that will be branded either Fairmont, Raffles or Swissotel.