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Investment companies bid for 50 per cent stake of Four Seasons

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Marquee global investors Brookfield Asset Management and GIC of Singapore are in the final lap to buy up to 50% stake in Adarsh Jatia's Provenance Land, which owns Four Seasons hotel and residences in Mumbai.

Brookfield is possibly a frontrunner to clinch one of the largest FDI deals in the Indian hospitality sector, valuing Provenance Land at over Rs 2,000 crore.

The 202-key hotel operates on a 4.5-acre property located at Worli, where Four Seasons-branded ultra luxury residences are under construction currently.