Cascade Investment, owned by the American billionaire Bill Gates, brought its share of shares in the authorized capital of the Four Seasons hotels with 47.5% to 71.25%. According to The Wall Street Journal, the amount of the transaction was $ 2.21 billion
According to her information, Investfond bought 23.75% of the shares at the Saudi company Kingdom Holding. According to the source of the publication, the company currently is about $ 850 million. Thanks to the transaction, the total cost of the hotel’s network is now estimated at $ 10 billion. The transaction closing is scheduled for January 2022.
Four Seasons was founded by Canadian Isador Sharp in 1960, he now owns a 5% stake. Currently, there are 120 hotels and 46 residential real estate facilities in 47 countries.