Bill Gates is buying a controlling interest in Four Seasons Hotels and Resorts. Toronto-based Four Seasons manages 121 hotels and resorts and 46 residential properties in 47 countries. Gates’s private investment company, Cascade Investment LLC, will pay 2.21-billion US for half of the 47.5 per cent stake owned by an affiliate of its long-term investment partner, Saudi Arabia’s Kingdom Holding Company. The deal, expected to close in January, increases Cascade’s stake in Four Seasons to 71.25 per cent from 47.5 per cent.
The Canadian Press
Photo Credit: Four Seasons Hotel & Resort