EXCLUSIVE: As international buyers begin to arrive in Toronto for the festival, Lotus Entertainment has staked a big one. Lotus has come on board to handle international sales for A Hologram For The King, the adaptation of the Dave Eggers novel that Tom Hanks will star in and Tom Tykwer will direct in a reteam from Cloud Atlas. Playtone and X Filme Creative Pool are producing.

Lotus will sell foreign rights here in Toronto to get the film ready for an early 2014 production start. CAA will make the domestic deal. Hanks will play a struggling businessman who heads for a rising Saudi Arabian city, far from weary, recession-scarred America, in a last-ditch attempt to stave off foreclosure, pay his daughter’s college tuition, and finally do something great. Tykwer wrote the script. Deadline first revealed the project as it was mobilizing in June.

X Filme Creative Pool’s Stefan Arndt, Uwe Schott and Tykwer are producing with Playtone’s Hanks and Gary Goetzman. Lotus’ Jim Seibel and Bill Johnson will be the exec producers. The book was published by McSweeney’s last year and was a bestseller and National Book Award finalist. CAA reps Hanks, Eggers and Tykwer and arranged the deal.

Lotus just wrapped the Anne Hathaway-starrer Song One and they are prepping Fallen with Scott Hicks directing and Jeremy Irvine starring in the young-adult novel adaptation. They’ve also set Arnold Schwarzenegger and Abigail Breslin to star in Maggie.

Hanks next stars in Captain Phillips, the Paul Greengrass-directed drama that premieres at the upcoming New York Film Festival.