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Saudi's Kingdom Holding sells Four Seasons Toronto for $171.8m

Staff Writer |
Saudi Arabia's Kingdom Holding sold the Four Seasons Hotel Toronto for CAD 225 million ($171.8 million).

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The property was sold to family investment vehicles related to Shahid Khan, Pakistani-American founder of automobile parts maker Flex-N-Gate Group and owner of the Jacksonville Jaguars American football team and London's Fulham Football Club.

Four Seasons Hotels and Resorts, in which Kingdom Holding owns 47.5 percent alongside a similar stake held by Bill Gates’ Cascade Investment, will continue to operate the Four Seasons Toronto.

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