The Four Seasons is apparently up for sale
Reuters reports that an investment group owned by a Saudi prince is looking for a buyer for Toronto’s Four Seasons Hotel.
Alwaleed bin Talal, whom Bloomberg pegs as the world’s 38th richest man, bought an ownership stake in the Four Seasons’ parent company in 2007. His company, Kingdom Holdings, closed on the chain’s Toronto flagship for $165 million just before the hotel opened in 2012.
It’s impossible to say what the property will sell for now, but Reuters’ sources speculate that the weak loonie could attract foreign buyers willing to pay as much as $250 million.