Bill Gates bets on hotel rebound with US$2bn investment in Four Seasons Hotels

Microsoft founder Bill Gates will acquire a majority stake in the Four Seasons hotel chain for US$2.21 billion pushing the hotel company’s valuation to $10 billion.

Gates will buy half of Saudi Prince Alwaleed bin Talal’s stake in Four Seasons through his investment firm Cascade Investment LLC, lifting the billionaire’s ownership in the hotel chain from 47.5 per cent to 71.25 per cent.

In a statement, Four Seasons said the deal “marks a pivotal point in the evolution of Four Seasons” giving it the resources “to accelerate growth and expand its strategic goals”.