Pakistani Businessman Acquires Four Seasons Hotel in Toronto

Four Seasons Hotel Toronto


4 minutes read

Shahid Khan is a renowned name in the world of sports, automotive, business and now hotelling too. He is the CEO Jacksonville Jaguars of the National Football League and legendary Fulham Football Club. He is also the owner of an automotive company Flex-N-Gate. Recently, Shahid Khan took the possession of Four Seasons Hotel, Toronto at the closing sale price of C$225 million. The hotel was previously owned completely and managed by Kingdom Holding Company (KHC) in Riyadh, Kingdom of Saudi Arabia. KHC is a Saudi company owned by world’s most influential investors and His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud.

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The Prince retained some ownership of the hotel expressing his deepest affiliation with the Four Seasons Hotel, Toronto. While extending his gratitude to the Royal Prince, Khan said:

I am also honored that His Royal Highness Prince Alwaleed Bin Talal has put his trust in me to accept the responsibility and privilege of caring for Four Seasons Hotel Toronto… Given his ownership stake in the management company Four Seasons Hotels and Resorts, I am happy that HRH Prince Alwaleed continues to play an integral role in the company’s global presence. I look forward to working in close partnership with Four Seasons.

Four Seasons Hotels and Resorts is the world’s biggest chain of hotels across the globe having 47.5 percent shares of Bill Gates, 47.5 percent shares of Prince Alwaleed and 5 percent shares of Isadore Sharp (founder). This luxury hotel company has around 99 properties and is still growing. Shahid Khan took over the hotel in Toronto as soon as the procedure completed. He pleased everyone, assuring that the hotel’s business will run like it used to. He admired the personalized services given to the guests, visitors and staff of Four Seasons. In his own words:

My admiration and respect for the Four Seasons brand is deep and immense, and the importance and prestige associated with Four Seasons Hotel Toronto is something that I fully appreciate and, in fact, inspired me to explore whether this dream had the potential of becoming a reality.

Shahid Khan explained his profound interest and association with the hotel and its location. He said that his affiliation with Toronto bloomed with his frequent visits to the vibrant city. He often traveled and stayed in Canada as 11 operation plants of his company Flex-N-Gate are based there.

I fell in love with Toronto many years ago through my many business trips to Canada and unquestionably feel a closer kinship today that will last forever.

Toronto-based Four Seasons is highly respectable for Mr. Khan and he commits to preserve and improve its quality of service. Highlighting the importance of hotel, Khan said:

Four Seasons Hotel Toronto is at the heart of what makes Toronto a world-class destination and, in fact, Four Seasons hotels, resorts and residences serve as the centerpiece of their communities no matter where you go in the world. I will be tireless in my efforts to celebrate Toronto and Four Seasons Hotel Toronto wherever I go and in everything I do.

Pakistani-American national Shahid Khan is a distinguished billionaire, known well for his diligence and hard work he puts into his work.