The New luxury Four Seasons Hotel in Toronto has been acquired by Kingdom Holding Company (KHC) for $200 million.

Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has added the New luxury Four Seasons Hotel, Toronto, to Kingdom Holding Company investment portfolio.

Saudi Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has added the New luxury Four Seasons Hotel, Toronto, to Kingdom Holding Company investment portfolio. The New luxury Four Seasons Hotel in Toronto has been acquired by Kingdom Holding Company (KHC) for $200 million. KHC is the investment group owned by Saudi Arabian Prince Alwaleed.

The acquisition in the recently built luxury Four Seasons Hotel in Toronto was not long after the
sale of the former Four Seasons Hotel Toronto by Kingdom Holding, the investment firm controlled by Prince Alwaleed Bin Talal, in April 2012 for CA$142.5m (US$145m).

Old Four Seasons Hotel

Kingdom Holding Company (KHC) is one of the world’s leading hotel investors, with a portfolio of hotels and majority interests in international hotel management companies.

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The Four Seasons Hotel Toronto features 259 guest rooms, including 42 suites. Hazem al-Dosari, a Kingdom Holding Company spokesman, according to AFP said "The transaction was funded by a $130 million mortgage loan while $70 million came from (the company's) own resources."

In addition to the latest acquisition that was announced on November 17, 2012 of the Toronto hotel, Kingdom Holding Company (KHC) owns stakes in other Fours Seasons Hotels, the Savoy and Plaza Hotels in London, and the George V Hotel in Paris. Kingdom Holding Company(KHC) is the largest foreign investor in Canada.

In January 2006, in partnership with the U.S. real estate firm Colony Capital, Kingdom Holding company (KHC) acquired Toronto, CA-based Fairmont Hotels for an estimated $3.9 billion.

In 1994 an intial Investment of $120 million in to acquire 22% of the Four Seasons Hotels Inc, a Canadian luxury hotel chain.

In 2007, the Board of Directors of Four Seasons jointly agreed to the US$ 3.8 billion acquisition deal by Prince Alwaleed and Bill Gates with Isadore Sharp. Alwaleed also has investment in the banking sector in Canada through Kingdom Holding’s stake in Citigroup.

In a statement released by the Riyadh-based company today, Alwaleed said: "These transactions mark yet another step for Kingdom Holding Company (KHC) towards the realisation of the value of its investments."

Kingdom Holding Company (KHC) is one of the world’s largest and most diversified private investment companies, with holdings in a large number of Saudi Arabian, Middle Eastern and international companies.

Kingdom Holding Company (KHC) is also involved in the development of the Kingdom Tower in Jeddah, which will be the tallest building in the world when completed.

The Prince is the richest man in Saudi Arabia and listed on the Forbes Rich List 2012 as number 29 on the list of the world's billionaires. In addition to his vast wealth Prince Alaweed is well known for his philanthropy.