FOUR SEASONS HOTELS INC
SC 13G, 1998-02-17
HOTELS & MOTELS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                  SCHEDULE 13G


                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                              (AMENDMENT NO. ___)*


                            Four Seasons Hotels, Inc.
                                (Name of Issuer)

                              Limited Voting Shares
                         (Title of Class of Securities)

                                    35100E104
                                 (CUSIP Number)


*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).


<PAGE>



                                  SCHEDULE 13G

- -----------------------                        ---------------------------------
CUSIP No.  35100E104                           Page      2      of    7    Pages
           ------------                              ---------     -------
- -----------------------                        ---------------------------------


- ------- ------------------------------------------------------------------------
1       NAMES OF REPORTING PERSONS
        S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

        His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud

- ------- ------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                (a) [ ]
                                                                         (b) [ ]

- ------- ------------------------------------------------------------------------
3       SEC USE ONLY

- ------- ------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION

        Kingdom of Saudi Arabia
- ------- ------------------------------------------------------------------------
                            5      SOLE VOTING POWER
                                   7,568,504
        NUMBER OF
                            ------ ---------------------------------------------
          SHARES            6      SHARED VOTING POWER
       BENEFICIALLY                -0-
         OWNED BY
                            ------ ---------------------------------------------
           EACH             7      SOLE DISPOSITIVE POWER
        REPORTING                  7,568,504
          PERSON
                            ------ ---------------------------------------------
           WITH             8      SHARED DISPOSITIVE POWER
                                   -0-

                            ------ ---------------------------------------------
- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        7,568,504
- ------- ------------------------------------------------------------------------
10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

        25.6%
- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*

        IN
- ------- ------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>



                                  SCHEDULE 13G

- -----------------------                        ---------------------------------
CUSIP No.  35100E104                           Page      3      of    7    Pages
           ------------                              ---------     -------
- -----------------------                        ---------------------------------


- ------- ------------------------------------------------------------------------
1       NAMES OF REPORTING PERSONS
        S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

        Kingdom Investments, Inc.
- ------- ------------------------------------------------------------------------
2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                (a) [ ]
                                                                         (b) [ ]

- ------- ------------------------------------------------------------------------
3       SEC USE ONLY

- ------- ------------------------------------------------------------------------
4       CITIZENSHIP OR PLACE OF ORGANIZATION
        Barbados

- ------- ------------------------------------------------------------------------
                            5      SOLE VOTING POWER
                                   7,568,504
        NUMBER OF
                            ------ ---------------------------------------------
          SHARES            6      SHARED VOTING POWER
       BENEFICIALLY                -0-
         OWNED BY
                            ------ ---------------------------------------------
           EACH             7      SOLE DISPOSITIVE POWER
        REPORTING                  7,568,504
          PERSON
                            ------ ---------------------------------------------
           WITH             8      SHARED DISPOSITIVE POWER
                                   -0-

                            ------ ---------------------------------------------
- ------- ------------------------------------------------------------------------
9       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        7,568,504
- ------- ------------------------------------------------------------------------
10      CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- ------- ------------------------------------------------------------------------
11      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

        25.6%
- ------- ------------------------------------------------------------------------
12      TYPE OF REPORTING PERSON*

        CO
- ------- ------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


<PAGE>



- -----------------------                        ---------------------------------
CUSIP No.  35100E104                           Page      4      of    7    Pages
           ------------                              ---------     -------
- -----------------------                        ---------------------------------


Item 1(a)         Name of Issuer:

                  Four Seasons Hotel, Inc. (The "Issuer")

      (b)         Address of Issuer's Principal Executive Offices:

                  1165 Leslie Street
                  Toronto, Ontario, Canada M3C 2K8

Item 2:           Name, Address and Citizenship of the Person Filing:

                  This  statement  is being filed by His Royal  Highness  Prince
                  Alwaleed  Bin  Talal  Bin  Abdulaziz  Al  Saud   ("HRH"),   an
                  individual, whose business address is Kingdom Holding Company,
                  P.O. Box 8653, Riyadh,  11492, Kingdom of Saudi Arabia. HRH is
                  a citizen of the Kingdom of Saudi Arabia.

                  This  statement  also is being  filed by Kingdom  Investments,
                  Inc.,  a  corporation  organized  under  the laws of  Barbados
                  ("Kingdom Investments"). Kingdom Investments registered office
                  address is The Ernst & Young Building,  Bush Hill, Bay Street,
                  P.O. Box 261, Bridgetown,  Barbados. Kingdom Investments is an
                  indirect  wholly-owned  subsidiary  of  Kingdom  5-KR-5,  Ltd.
                  ("Kingdom   5"),  a  Cayman   Islands,   British  West  Indies
                  corporation,  which itself is  wholly-owned by Coutts (Cayman)
                  Limited,  as trustee of The Kingdom One Trust, a trust created
                  by HRH under the laws of the Cayman Islands (the "Trust"). For
                  information with regard to the intermediate  corporations that
                  control Kingdom Investments, please see response to Item 6.

                  This  filing  relates  to the  Limited  Voting  Shares  of the
                  Issuer, the CUSIP number of which is 35100E104.

Item 3:           Capacity in Which Person is Filing:

                  Not applicable.



<PAGE>



- -----------------------                        ---------------------------------
CUSIP No.  35100E104                           Page      5      of    7    Pages
           ------------                              ---------     -------
- -----------------------                        ---------------------------------


Item 4:           Ownership:

                  As  of  December  31,  1997,   HRH  and  Kingdom   Investments
                  beneficially own in the aggregate the following:

                  (a)      Amount Beneficially Owned:

                           7,568,504

                  (b)      Percent of class:

                           25.6%

                  (c)      Number of shares to which such persons have:

                           (i)     Sole power to vote or to direct the vote:

                                   7,568,504

                           (ii)    Shared power to vote or to direct the vote:

                                   None

                           (iii)   Sole  power  to  dispose  or  to  direct  the
                                   disposition of:

                                   7,568,504

                           (iv)    Shared  power to  dispose  or to  direct  the
                                   disposition of:

                                   None

Item 5:           Ownership of Five Percent or Less of Class:

                  Not applicable.



<PAGE>



- -----------------------                        ---------------------------------
CUSIP No.  35100E104                           Page      6      of    7    Pages
           ------------                              ---------     -------
- -----------------------                        ---------------------------------

Item 6:           Ownership  of More than  Five  Percent  on  Behalf of  Another
                  Person:

                           Kingdom   Investments  is   wholly-owned  by  Kingdom
                  Holdings,   Inc.,  a  Barbados  corporation  which  itself  is
                  wholly-owned  by Kingdom 5. As  reported  above,  Kingdom 5 is
                  wholly-owned by the Trust.  Under the terms of the Trust,  HRH
                  has the  power to  appoint  a  majority  of the  directors  of
                  Kingdom 5, the parent company of Kingdom Investments.  Through
                  HRH's  ability to appoint a majority of the board of directors
                  of Kingdom  5, for the  purposes  of Rule 13d-3 of  Regulation
                  13D-G  under  the  Securities  Exchange  Act of 1934,  HRH can
                  indirectly   control  the   disposition   and  voting  of  the
                  securities beneficially owned by Kingdom Investments.

                           Under the terms of the Trust, among other things, the
                  trustee  is  prohibited   from  selling  or   transferring  or
                  otherwise   encumbering   the   securities   of   Kingdom   5.
                  Furthermore,  HRH has  retained  the power to revoke the Trust
                  and to appoint  and remove the trustee at any time and for any
                  reason.

                           Since the Limited Voting Shares are held in its name,
                  Kingdom Investments has the right to receive dividends from or
                  proceeds  from the sale of the  Limited  Voting  Shares of the
                  Issuer;  however,  HRH,  through  HRH's  ability  to appoint a
                  majority of the board of  directors  of Kingdom 5, will retain
                  the power to  direct  any  disposition  of such  dividends  or
                  proceeds.  Any funds  distributed  by Kingdom  Investments  to
                  Kingdom Holdings,  from Kingdom Holdings to Kingdom 5 and from
                  Kingdom 5 to the Trust  will be held and  administered  by the
                  Trustee,  pursuant to the Trust for the benefit of HRH and his
                  family.

Item 7:           Identification  and  Classification  of the  Subsidiary  Which
                  Acquired the Security  Being Reported on By the Parent Holding
                  Company:

                  Not applicable.

Item 8:           Identification and Classification of Members of the Group:

                  Not applicable.

Item 9:           Notice of Dissolution of Group:

                  Not applicable.



<PAGE>



- -----------------------                        ---------------------------------
CUSIP No.  35100E104                           Page      7      of    7    Pages
           ------------                              ---------     -------
- -----------------------                        ---------------------------------

Item 10:          Certification:

                  Not applicable.

                                    SIGNATURE

                  After  reasonable  inquiry and to the best of my knowledge and
belief,  I certify that the  information set forth in this Schedule 13G is true,
complete and correct.



Date:  February 14, 1998                /s/ H.R.H. Prince Alwaleed Bin Talal Bin
                                              Abdulaziz Al Saud
                                        ----------------------------------------
                                                H.R.H. Prince Alwaleed Bin Talal
                                                  Bin Abdulaziz Al Saud


                                        KINGDOM INVESTMENTS, INC.



Date:  February 14, 1998                By: /s/ Mustafa Al Hejailan
                                           --------------------------------
                                                Mustafa Al Hejailan
                                                President




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