TORONTO — The Four Seasons Hotel Toronto has been sold to businessman Shahid Khan for $225 million, it was announced Sept. 30. The sale price was confirmed upon closing and the purchase has been approved by all appropriate regulatory bodies.
Khan, the founder of Flex-N-Gate Group and CEO of the Jacksonville Jaguars of the National Football League and London-based Fulham Football Club, purchased the hotel from an affiliate of Kingdom Holding Company.
Following the completion of this transaction, Khan takes immediate ownership of the property, which will continue to be managed by Four Seasons Hotels and Resorts.
“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,” said Khan in a release.