TORONTO — Shahid Khan — founder of Flex-N-Gate Group and CEO of the NFL Jacksonville Jaguars and London England’s Fulham Football Club — has purchased a 100 per cent ownership of Four Seasons Hotel Toronto from Kingdom Holdings Company (KHC) for $225 million.
“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 — which in fact inspired me to explore whether this dream had the potential of becoming a reality,” says Khan of the sale, has been approved by all regulatory bodies. “The greatest global brands and companies all have a home, and Toronto is home to the iconic Four Seasons brand. By taking ownership of this property, I intend to treat it as the treasure that it is, and to do whatever it takes to maintain and build upon its leadership position in the luxury hotel segment in Canada.”
After the transaction is complete, Four Seasons Hotel Toronto will continue business as usual without interruption to operations.