Article content

TORONTO — The Four Seasons Toronto, a luxury hotel in the city’s downtown, is up for sale and could fetch as much as $250 million, in what would be one of the most-expensive deals ever for a hotel in Canada, two sources familiar with the process said.

The hotel belongs to Kingdom Holding Co, an investment group owned by Saudi billionaire Prince Alwaleed bin Talal.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Saudi prince puts Four Seasons Toronto up for sale, could fetch as much as $250 million: sources Back to video

The sale price will likely be in the range of $200 million to $250 million, said the sources, who declined to be identified because they are not authorized to discuss the process.

The Four Seasons Toronto is a highly sought-after property, and is expected to attract buyers around the world. Bidders may include hotel chains, private equity firms and rich individuals, the sources said.