Kingdom Holding Company Announces SR550 Million Sale of Four Seasons Hotel, London
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Kingdom Holding Company Announces SR550 Million Sale of Four Seasons Hotel, London
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Category: Europe
This is a press release selected by our editorial committee and published online for free on 2007-11-06
Kingdom Holding Company, Chaired by HRH Prince Alwaleed bin Talal announced the sale of the Four Seasons Hotel, London for SR550 million. The sale of hotel comes in light of KHC’s objectives to continue to monetize and extract value out of the company’s hotel portfolio.
Earlier this year, HRH Prince Alwaleed through Kingdom entered a SR 14 billion (US$ 3.8 billion) deal with Bill Gates owner of Cascade Investment, L.L.C. and Isadore Sharp, CEO of Four Seasons, to acquire the Four Seasons.
The Four Seasons hotel, in Mayfair located in the heart of London reflects the luxuriously opulent accommodation of the area. The 219 rooms and suites at the hotel are elegantly decorated in English classic style and the most basic of suites comes equipped with a parlour and bedroom, fresh flowers and palm trees. As with the reputation of Four Seasons service, the Four Seasons Hotel, London’s service is exemplary.
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