{"id":28227,"date":"2016-10-02T21:07:47","date_gmt":"2016-10-02T14:07:47","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=28227"},"modified":"2016-10-02T19:19:16","modified_gmt":"2016-10-02T12:19:16","slug":"saudi-billionaire-prince-alwaleed-sells-toronto-four-seasons","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-billionaire-prince-alwaleed-sells-toronto-four-seasons\/","title":{"rendered":"Saudi billionaire Prince Alwaleed sells Toronto Four Seasons"},"content":{"rendered":"


\nSaudi billionaire Prince Alwaleed bin Talal’s company has sold the luxury Four Seasons hotel in Toronto for US$170 million, it said on Sunday.Kingdom Holding Company said it sold the hotel for C$225 million to Shahid Khan, the Pakistani-American businessman who founded auto parts maker Flex-N-Gate and owns English Premier League club Fulham.KHC said it had made a profit of C$17m from the sale of the hotel, which it bought four years ago for C$200m.”This transaction marks yet another success for KHC’s value realisation 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.”Prince Alwaleed owns 95 per cent of KHC, a vast global investor with shares in the Euro Disney theme park, Apple, News Corporation and the US banking giant, Citigroup.The company also owns a string of luxury hotels including the George V in Paris.business@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Saudi billionaire Prince Alwaleed sells Toronto Four Seasons<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi billionaire Prince Alwaleed bin Talal’s company has sold the luxury Four Seasons hotel in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-28227","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7lh","jetpack-related-posts":[{"id":78271,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-billionaire-prince-alwaleed-bin-talal-released\/","url_meta":{"origin":28227,"position":0},"title":"Saudi billionaire Prince Alwaleed bin Talal released","date":"January 28, 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takeover by Prince Alwaleed","date":"December 16, 2025","format":false,"excerpt":"\r Sources say negotiations are nearly complete after a year of talks The post Saudi football giant Al Hilal close to private takeover by Prince Alwaleed appeared first on Arabian Business: Latest News on the Middle East, Real Estate, Finance, and More.\r \r Source : arabianbusiness.com\r Read more...Saudi football giant\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/12\/Prince-Alwaleed-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":78279,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/prince-alwaleed-expects-to-keep-full-control-of-kingdom-holding\/","url_meta":{"origin":28227,"position":4},"title":"Prince Alwaleed expects to keep full control of Kingdom Holding","date":"January 27, 2018","format":false,"excerpt":"\r Billionaire continued to maintain his innocence of any corruption in talks with authorities\r \r Source : arabianbusiness.com\r Read more...Prince Alwaleed expects to keep full control of Kingdom Holding","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92488,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saudi-arabia-has-entered-the-21st-century-with-lifting-of-female-driving-ban-says-alwaleed\/","url_meta":{"origin":28227,"position":5},"title":"Saudi Arabia has 'entered the 21st century' with lifting of female driving ban, says Alwaleed","date":"June 25, 2018","format":false,"excerpt":"\r Prince Alwaleed bin Talal accompanies his daughter Reem on her first drive on Saudi streets\r \r Source : arabianbusiness.com\r Read more...Saudi Arabia has 'entered the 21st century' with lifting of female driving ban, says Alwaleed","rel":"","context":"In "Property 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