In addition to the George V Hotel, Savoy and Plaza hotels, KHC directly holds interests in a number of individual hotel properties. KHC believes that its hotel portfolio comprises a collection of unique properties located in city centres, where limited supply means that barriers to entry are high. As with the George V Hotel and Savoy, KHC seeks to acquire assets that are positioned as mid-market, due to their poor condition, and repositioning them as landmark luxury hotels under one of its hotel management company brands. Information about KHC’s other individual hotel properties is set forth below:

• Fairmont San Francisco Hotel. KHC has a 50 percent interest in the Fairmont San Francisco, which is a 591-room hotel in central San Francisco. The Fairmont San Francisco was built in 1907 and remodelled in 2000.
• Four Seasons Hotel des Bergues. KHC has a 50 percent interest in the Four Seasons Hotel des Bergues, which is a 103-room hotel dating from 1834 located in Geneva, Switzerland.
• Fairmont Monte Carlo Hotel. KHC has an approximately 25 percent interest in the Fairmont Monte Carlo Hotel, a 619 room hotel built in 1975. The hotel is currently undergoing renovations, the first phase of which is expected to be completed in 2007.
• Four Seasons Residence Club Scottsdale. KHC has a 56.8 percent interest in the Four Seasons Residence Club Scottsdale, a 44-room timeshare resort facility located in Scottsdale, Arizona.
• Four Seasons Toronto Hotel. KHC has a 100 percent interest in the Four Seasons Toronto, which is a 380 room hotel in the heart of Toronto. The hotel is undergoing further development, which will add an additional 265 rooms, including a Four Seasons branded residential component.

KHC has additional interests in hotels properties through KHI. See Saudi Arabian and Regional Investments.