The Ritz-Carlton's Herbert Samuel celebrates Israel's wine regions.
Allegations against Prince Alwaleed, who is in his early 60s, included money laundering, bribery and extorting officials, a Saudi official told Reuters at the time.
Saudi Arabia, the world's top oil exporter, has introduced reforms that included cutting subsidies, introducing value added tax (VAT) and cutting perks to royal family members.
Dozens of royal family members, officials and business executives have been detained in the lavish property.