Saudi Arabian billionaire Prince Alwaleed bin Talal has been released from detention. Saudi Arabian billionaire Prince Alwaleed bin Talal has been released from detention.

Saudi Arabian billionaire Prince Al waleed bin Talal was recently released from detention, months after he was detained in Riyadh as part of an anti-corruption crack-down.

His release came hours after he told Reuters in an interview at Riyadh's Ritz-Carlton hotel that he expected to be cleared of any wrongdoing and be freed within days. The reports added that a senior Saudi official said Prince Alwaleed was freed after he reached a financial settlement with the attorney general.

"The attorney general has approved this morning the settlement that was reached with Prince Alwaleed bin Talal, and the prince returned home at 1100 a.m. (0800 GMT)," the official told Reuters, without giving details of the terms.

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He even gave reporters a tour of his hotel suite at the Ritz-Carlton in Riyadh.

Riyadh's five star Ritz-Carlton hotel, which recently housed US President Donald Trump, was used to accommodate detained Saudi princes, according to reports in The New York Times.

The group reportedly included military officials and government ministers and 11 princes, among them Prince Alwaleed bin Talal, whose net worth is estimated to be US$17bn, according to Bloomberg.

A Marriott International spokesperson told Hotelier Middle East: “As a matter of guest privacy, we do not discuss the guests or groups with whom we do business or who may be visitors of the hotel.”

Saudi Arabian investment firm Kingdom Holding has also sold its stake in the Four Seasons Hotel in Beirut for around US $100-115 million including debt, according to Reuters.

HotelierMiddleEast.com previously reported that Kingdom Holding Company (KHC), the investment vehicle of Saudi billionaire Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has reportedly put two of its luxury Lebanese hotels on sale in Beirut. The hotels according to The Daily Mail are Four Seasons hotel and Movenpick hotel in Beirut.