TORONTO Four Seasons Hotels has disposed of its minority ownership position in the Four Seasons Resort, Punta Mita in a transaction which transferred ownership of the resort to Strategic Hotel Capital, LLC. The purchase price and other terms of the sale were not disclosed. The proceeds generated from the sale will be used by Four Seasons for general working capital purposes. Four Seasons will continue to manage the resort and adjacent golf course. (2/26/01)
Previous ArticleFelcor Contributes $250,000 To AHF Fund
Next Article New Property Declares Its Independence