Saudis Add to Canadian Real Estate Holdings
Posted on: November 26, 2012 by Kirk FalconerNo Comments »
Kingdom Holding Company (KHC) has acquired the recently-opened Four Seasons Hotel Toronto for C$200 million. The Saudi-owned KHC, which undertakes private equity and other types of investments worldwide, increased its interest in the Canadian hotel management sector with this buy. KHC has owned shares in Four Seasons Hotels and Resorts since the mid-1990s, and in 2006 took the company private in collaboration with Cascade Investment LLC, owned by Bill Gates, for C$4.2 billion.
