Posted on 09/10/2021 3:23:56 PM PDT by dynachrome
Bill Gates' Cascade Investment LLC is taking control of Four Seasons Hotels and Resorts by buying about half of Saudi Arabian Prince Alwaleed bin Talal's stake for $2.21 billion, the hotel operator said on Wednesday.
Cascade will acquire half of the billionaire prince's stake in Four Seasons, raising its ownership to 71.3% and valuing the hotel chain at $10 billion on an enterprise basis.
Prince Alwaleed, through investment vehicle Kingdom Holding Co (4280.SE), will continue to own the remaining stake, Four Seasons said in a statement.
(Excerpt) Read more at reuters.com ...
Prince Alwaleed bin Talal need some baksheesh money to pay off the Crown Prince again?
All that cash from the “vaccines” came in?
Funny how Gates grabbed it when hotels are still running at about 50% capacity.
Sure is funny....
Crap. Four Seasons WAS my favorite, especially the one in Houston.
Not anymore!!!
Now we know where the unvacced will be housed.
Before anyone thinks that these would be ‘holiday’ stays for unvaxxed ‘guests’, one need only look at True-dope’s ‘isolation’ hotels for Canadians flying home from overseas.
My husband works for The Four Seasons Resort and Club in Las Colinas. He’s been there for 30 years. We are not happy Bill Gates now owns a huge stake in the Four Seasons. We are now looking for other employment.
Gates is a multi billion dollar piece of sh*t. I guess I have more respect for the penniless piece of sh*t.
Yes, until the vaccine money came in, Bill Gates was a pauper who could not afford to invest money in anything.
Who would want to stay at a Four Seasons hotel now?
Four Seasons does not own the hotels and resorts.. its a manager company brand for hotels and resorts.. ... I’ve done a lot of work for them.. a a given hotel or resorts can switch brands or even go independent it it feels like it...ots can even be a hotel inside a hotel
Four Seasons Las Vegas is the top 5 floors of the Mandalay Bay Hotel
So it’s like a franchise?
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