Bill Gates takes control of Four Seasons in deal with Alwaleed ...Qatar

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 $2.2bn in cash to boost its stake in Four Seasons Holdings to 71.25% from 47.5%, according to a statement last week. The lodging industry has been hobbled by a drastic slowdown in global travel as the world struggles to halt the spread of Covid-19. Vaccination campaigns helped fuel a lodging rebound led by leisure travellers, but luxury hotels are still lagging behind lower-quality properties, according to data

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