Saudi Prince Alwaleed bin Talal said in an interview with Bloomberg TV on Wednesday that he is considering strategic options for Four Seasons Hotels and Resorts and FRHI Hotels & Resorts, including an IPO or merger. Prince Alwaleed is a major stakeholder in each company.
The founder and chairman of Saudi Arabia’s Kingdom Holding Co., who took a 95% stake in Four Seasons with Bill Gates’ Cascade in 2007, said, “Our objective right now is to grow both companies and have a monetization process. The hotel industry is facing major upside right now. This may go on another three or four years. So there is a zone of opportunity for us right now.”
Kingdom holds a 47.5% stake in Four Seasons, while Cascade also holds 47.5%, and 5% of the Four Seasons is owned by company founder and chairman Isadore Sharp. - See more at: http://www.hotelsmag.com/
The founder and chairman of Saudi Arabia’s Kingdom Holding Co., who took a 95% stake in Four Seasons with Bill Gates’ Cascade in 2007, said, “Our objective right now is to grow both companies and have a monetization process. The hotel industry is facing major upside right now. This may go on another three or four years. So there is a zone of opportunity for us right now.”
Kingdom holds a 47.5% stake in Four Seasons, while Cascade also holds 47.5%, and 5% of the Four Seasons is owned by company founder and chairman Isadore Sharp. - See more at: http://www.hotelsmag.com/