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KHI Sells Its 39.3% Stake In Four Seasons

Kingdom Hotels and Investments (KHI) sold its 39.3% stake in the Four Seasons Resort at Sharm El-Shaikh in Egypt for $70 million.   KHI is chaired by Prince Alwaweed bin Talal.  Implications of the agreement are that KHI will realize $178 million from the enterprise value of the resort and ancillary real estate. 

Four Seasons continues to manage the Four Seasons Resort at Sharm El-Shaikh.  Kingdom Holdings and Bill Gates co-own Four Seasons, each holding a 47.5% stake, while Isador Sharp owns the remaining 5%.  CEO Sarmak Zok said he was very pleased with the deal and called it “a strong demonstration of our value realization model”.

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