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Kingdom Holding Sells its Share in Toronto Four Seasons - ASHARQ AL-AWSAT English Archive
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Riyadh-Kingdom Holding Company that is led by Prince Alwaleed bin Talal has sold its share in the luxury Four Seasons hotel in Toronto for $172 million, it said on Sunday.

Kingdom Holding Company said it sold the hotel to the family of Shahid Khan, the businessman who founded auto parts maker Flex-N-Gate and owns English Premier League club Fulham.

“This transaction marks yet another success for KHC’s value realization strategy from our high-quality hospitality investments,” said Prince Alwaleed.

“We are particularly pleased to be passing ownership of this property to Mr. Shahid Khan who is known for his passion for the Four Seasons brand,” he said in a statement.

“Kingdom continues to be a stakeholder in this asset through our interest in the management company Four Seasons Hotels and Resorts which will continue to operate the hotel,” he added.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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