Kingdom Hotel Investments holds a significant stake in two international luxury and upscale operators: Four Seasons Hotels and Resorts and Accor. KHI’s remaining real estate portfolio now consists of three hotels in high growth and developed markets.
Four Seasons Hotels and Resorts started with a modest motor inn opened in 1961 by Isadore Sharp in Toronto. Today the company operates a portfolio of 122 hotels in 50 countries and has evolved into one of the most prestigious and well managed hospitality companies in the industry. Known for exceptional service culture combined with authentic elegant surroundings of the highest quality, Four Seasons properties are consistently ranked among the top luxury hotels worldwide.
Four Seasons has been privately held since 2007 by Kingdom Hotels International (47.5%), Cascade Investment Management controlled by Bill Gates (47.5%), and Triple Holdings, an investment vehicle for Isadore Sharp, the original founder of Four Seasons (5%).
Kingdom’s involvement with Four Seasons dates to 1994, when it acquired a minority interest via a private investment in a public equity transaction. Kingdom has helped expand the Four Seasons flag globally by building or owning 19 four Seasons properties, of which it still owns the Four Seasons Hotel George V in Paris today.
On July 12, 2016, FRHI Hotels & Resorts, parent of the renowned luxury and upper-upscale hospitality brands Fairmont, Raffles, and Swissôtel, became part of Accor, a world-leading travel and lifestyle group and digital innovator. As part of the transaction, Kingdom Holding Company, who through its wholly owned affiliate, Kingdom Hotels (Europe) LLC was previously a 35.3% holder in FRHI received stock in Accor S.A. which today equates to a 5.67 % ownership interest controlling approximately 8.7% of the voting rights. It was also granted a seat on Accor S.A.’s Board of Directors. The integration of FRHI’s iconic brands was a strategic decision for Accor, intended to anchor its luxury offering and expand its presence into North America.
On September 3, 2018, Mövenpick Hotels & Resorts (MHR), an international upscale hotel management company, also became part of Accor. Kingdom Holding Company was previously a 33.3% shareholder in MHR through its wholly owned affiliate, Kingdom Hotels (Europe) LLC. The integration of Mövenpick into Accor was driven by Accor’s objective to consolidate its leadership position in Europe and further accelerate its growth in the emerging markets of the Middle East, Africa and Asia Pacific.
With a network of 5,140 Hotels and 753,300 rooms in 110 countries serviced by 260,000 employees, Accor meets the needs of business and leisure travelers seeking comfort, attention, and high-quality service on a daily basis all around the world. Under the umbrella of 40 hospitality brands covering the spectrum of hospitality segments from luxury to economy, the Group is leading the hospitality industry today in innovative solutions, digital marketing, and sustainable practices.
Accor SA is publicly listed with shares trading on the Euronext Paris exchange (ISIN code: FR0000120404) and the OTC marketplace (Code: ACRFY) in the United States.
The Four Seasons Hotel George V, Paris redefines luxury in the City of Light. The landmark property occupies a prominent site on Paris’s “Golden Triangle,” steps from the Champs-Elysées and within one kilometer of the Arc de Triomphe.
An eight-storey landmark building erected in 1928, the Hotel George V offers 244 spacious guestrooms including 59 suites and Paris’ most expensive hotel suite, known simply as the Penthouse. The property features an exquisite art collection, magnificent tapestries, and spectacular floral arrangements. Guests can enjoy fine dining at the two-Michelin starred Le Cinq restaurant as well as benefit from 1,200 square meters of meeting and banquet space, a luxurious spa, fitness area, and swimming pool.
Kingdom Hotels’ investment in the property dates to 1996, when it acquired the property from Forte Hotel Group. The hotel was closed in 1997 for an extensive two-year refurbishment under the direction of interior designer Pierre-Yves Rochon. The hotel re-opened in 1999 under the management of Four Seasons Hotels & Resorts. Today, it serves as a flagship for the Four Seasons brand and has been repeatedly recognized as one of the best, if not the best, city hotels in the world. In 2014, the Four Seasons Hotel George V was awarded the ‘Best Hotel in Europe’ by US magazine Celebrated Living.
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As London’s first deluxe, purpose-built hotel originally opened in 1889, the world-famous Savoy Hotel is situated on the banks of the River Thames, on the edge of the City of London’s financial district and with easy access to the attractions in the West End. Surrounded by London’s best restaurants and pedestrian retail, The Savoy is one of the most celebrated and glamorous five star luxury hotels in Central London.
The property features 267 modernized, stylish and luxury-sized guestrooms including 73 suites decorated in an Edwardian or Art Deco style. Many guestrooms offer stunning panoramas across the Thames and the city of London. The Savoy also features some of London’s best-known restaurants and bars where guests can enjoy Afternoon Tea in the Thames Foyer, classic cocktails in the American Bar (widely regarded as one of the world’s best hotel bars) or the theatrical Beaufort Bar. The Hotel is also home to Gordon Ramsay’s Savoy Grill and the British institution Simpson’s-In-The-Strand.
Kingdom Hotels’ investment in the property dates to 2005, and the property re-opened in 2010 following a complete refurbishment lasting over two years.
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The Raffles Praslin, Seychelles has been recognized as one of the 10 Top Beach Resorts Around the World by the Forbes Travel Guide and the World’s Leading Luxury Villa Resort at the World Travel Awards. The resort features eighty-six villas, some of the most spacious in the Seychelles. Each villa offers a private plunge pool and outdoor pavilion to soak in breathtaking views of the opal-hued ocean, white sandy beach and lush green hills. Dining at Raffles Praslin combines the best of Seychellois culture and cuisine with dishes from around the world, and Raffles Spa, located steps away from the coastline of Anse Takamaka, offers ocean views from its treatment pavilions.
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