Saudi prince buys luxury Canada hotel

RIYADH (AFP) - Billionaire Saudi Prince Walid bin Talal’s Kingdom Holding investment group said Saturday it has purchased the luxury hotel Four Seasons Toronto, Canada for $200 million. “The transaction was funded by a $130 million mortgage loan while $70 million came from (the company’s) own resources,” Hazem al-Dosari, a Kingdom Holding Company spokesman, told AFP. The Four Seasons Toronto features 259 guest rooms, including 42 suites.

ePaper - Nawaiwaqt