Riyadh – Mubasher: Kingdom Holding Company (KHC) completed the sale of its stake in the Four Seasons Hotel Toronto.

The transaction is another success for “KHC’s value realization strategy from high-quality hospitality investments”, according to KHC Chairman Prince Alwaleed bin Tala said.

“We are particularly pleased to be passing ownership of this property to Shahid Khan who is known for his passion for the Four Seasons brand,” Prince Alwaleed noted.

KHC sold its stake in the hotel for a gross price of 225 million Canadian dollars ($172 million).