Cascade Investment LLC, a Bill Gates –owned company, recently purchased the Four Seasons Hotel in Houston, Texas from Maritz, Wolff & Co. for around $140,000,000. The luxury hotel features 404 bedrooms, putting it at #16th largest Houston-area hotels.
Houston’s hotel market is rapidly growing due to the local natural gas and oil business, and it seems that Mr. Gates is looking to capitalize in this unique area.
Chief investment officer of Cascade commented, “We have great faith in Houston, particularly with its strong role in the global energy business…We look forward to Four Seasons Houston continuing as the local market leader and maintaining its unique position in the Houston community.”
Photos courtesy of Bloomberg