Bill Gates Company Paid $2.21 Billion for Four Seasons Hotel Chain

A company that manages investments by Microsoft founder Bill Gates has shelled out $ 2.21 billion to take control of the Canadian luxury hotel chain Four Seasons, valued at $ 10 billion by the operation, according to a press release published on Wednesday.

Cascade Investment, which already owned 47.5% of the hotel group, is planning to buy back half of the shares of the other major shareholder, the investment company Kingdom Holding Company (KHC) from Saudi prince and businessman Al-Walid. ben Talal.

The latter will retain 23.75% of the company’s shares once the transaction is finalized, normally in January 2022, details Four Seasons in a press release.

The founder of the hotel chain, Isadore Sharp, will keep the 5% stake he currently holds.

Established in 1960, Four Seasons has grown over the years into a luxury hotel chain that now has 121 hotels and resorts as well as 46 residential properties in 47 countries.

Listed on the stock market in 1997, the group was delisted in 2007 after its takeover by Cascade Investments, KHC and Isadore Sharp .

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A company that manages investments by Microsoft founder Bill Gates has shelled out $ 2.21 billion to take control of the Canadian luxury hotel chain Four Seasons, valued at $ 10 billion by the operation, according to a press release published on Wednesday.

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