Feedback     
Please Feedback

Hotel News

prev     prev

Bill Gates takes Controlling stake in Four Seasons, Bill’s Cascade Investments firm takes majority stake in luxury hospitality brand

Posted : 11 September 2021 01:21:38 | By TWO Bureau | GNN Bureau

Bill Gates takes Controlling stake in Four Seasons, Bill’s Cascade Investments firm takes majority stake in luxury hospitality brand

Four Seasons Hotels and Resorts‘ shareholder Bill Gates, also an affiliate of Cascade Investment, has agreed to acquire the controlling share in the hospitality company.
 
Saudi Prince al-Waleed bin Talal is selling half his stake in Four Seasons to co-owner Bill Gates. The deal is finalised at US$10 billion.

Four Seasons said the transaction marks a “pivotal point” in the evolution of the brand, strengthening Cascade’s commitment as an investor since 1997 to provide the Company with resources to accelerate growth and expand its strategic goals.

“As we mark our 60th anniversary and look back on the profound impact that Four Seasons has had on luxury hospitality, we also look forward with tremendous excitement and confidence in the future of the industry,” said Four Seasons CEO John Davison. “The unwavering support and partnership of our shareholders has and continues to be critical as we capitalize on growing opportunities to serve luxury consumers worldwide.”



breaking travel news, best destinations,

Tags : Four Season, investment in hotels, Bill Gates, Billionare Cascade investment, CEO John Davison,


News Bulletin ----------


Also on Travel World Online ----------














Most Visited ----------