DAVAO CITY -- The owner of Crown Regency Hotel died after he was shot at close range by a lone gunman inside his building in Obrero, Davao City around 7 p.m. Thursday, police said.
Richard King, 56, was dining with his employees inside the Vital-C Building when the gunman entered and shot the victim on the head.
The suspect immediately fled the scene on a black motorcycle that was waiting outside the building.
Police are still investigating the incident.
King owns a chain of hotels and resorts located in key cities in the Philippines.
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