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Bill Gates Takes Control of Four Seasons in Deal With Saudi Prince Alwaleed

  • Cascade Investment to pay Kingdom Holding $2.2 billion in cash
  • Saudi Prince’s firm will retain a 23.75% stake in hotel chain
Prince Alwaleed Bin Talal

Prince Alwaleed Bin Talal

Photographer: Matthew Lloyd/Bloomberg

Updated on

Bill Gates will take control of the Four Seasons hotel chain after his investment firm agreed to acquire a stake from Saudi Prince Alwaleed bin Talal’s Kingdom Holding Co., in a bet that luxury travel will rebound from a pandemic-induced slump.

Gates’s Cascade Investment LLC will pay $2.2 billion in cash to boost its stake in Four Seasons Holdings to 71.25% from 47.5%, according to a statement Wednesday.