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Real Estate

BRIEFLY

November 05, 1994|From Times Staff and Wire Reports

Saudi Prince Buys 25% of Four Seasons: Al Waleed ibn Talal ibn Abdulaziz al Saud made the tender offer for the Toronto-based group, which operates 44 luxury hotels in 19 countries. Four Seasons Hotels Inc. began searching in April for a major investor to prepare for founder Isadore Sharp's retirement in three to five years. Triples-Sharp Investments Ltd., a company controlled by Sharp and his family, has agreed to sell 25% of its multiple voting shares to the prince's company, Kingdom Investments Inc. Kingdom made its tender offer Oct. 12. The prince, a nephew of Saudi Arabia's King Fahd, came to the rescue of Euro Disney earlier this year by buying a large stake in the loss-ridden theme park outside Paris.

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