kingdom holding company
Cascade Investment Affiliate Agrees to Acquire Controlling Stake in Four Seasons Hotels and Resorts
Four Seasons Hotels and Resorts | September 8, 2021
TORONTO - September 8, 2021 - Four Seasons Hotels and Resorts ("Four Seasons" or "the Company"), the world's leading luxury hospitality company, today announced that its longstanding shareholder, an affiliate of Cascade Investment, L.L.C. (collectively, "Cascade"), has entered into a definitive agreement to acquire a controlling interest in the Company. In the all-cash deal, Cascade will increase its existing 47.5 percent stake to 71.25 percent by purchasing half of the existing 47.5 percent stake owned by an affiliate of its long-term investment partner Kingdom Holding Company ("KHC") for $2.21 billion, valuing Four Seasons at a $10 bill...
Shahid Khan, Owner of the Jacksonville Jaguars and Fulham Football Club, Acquires the Four Seasons Toronto for CA$225 Million
October 3, 2016
TORONTO--(October 3, 2016)--Shahid Khan, the founder of Flex-N-Gate Group and CEO of the Jacksonville Jaguars of the National Football League and the historic London-based Fulham Football Club, announces that he has today arranged through various family holdings the purchase of a 100 percent ownership of Four Seasons Hotel Toronto from an affiliate of Kingdom Holding Company ("KHC"). The sale price of C$225 million was confirmed today upon closing. The purchase has been approved by all appropriate regulatory bodies. Up until this sale transaction, Four Seasons Hotel Toronto was wholly owned by Kingdom Holding Company (KHC). Based in Riy...
Fairmont San Francisco Hotel Interests Sold to Mirae Asset Global Investments for $450 Million
Oaktree | November 25, 2015
SAN FRANCISCO--November 25, 2015--The companies that own world renowned Fairmont San Francisco Hotel atop Nob Hill were sold today for $450 million by a partnership between funds managed by Oaktree Capital Management, L.P. ("Oaktree") and real estate investor Michael Rosenfeld's Woodridge Capital Partners LLC. Kingdom Holding Company (KHC) was also part of the selling group. The buyer is comprised of affiliated companies of Mirae Asset Global Investments, a large financial services company based in Seoul, Korea. Mirae is a pioneering financial services company that introduced the first mutual funds to Korea in 1998. Fairmont Hotels &...
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