Four Seasons – the world’s leading luxury hospitality company, announced that an affiliate of Cascade Investment L.L.C., has entered into an agreement to acquire a majority interest in the company.
Four Seasons – the world’s leading luxury hospitality company
Cascade Investment, L.L.C. is a private investment company that holds the estate of William H. Gates III. Better known as Bill Gates. Cascade is very active when it comes u Luxury Hospitality. For example, Cascade purchased the Punta Mita Four Seasons Resort and adjacent land in 2014. Punta Mita is located at the northern end of Banderas Bay in the Mexican state of Nayarit, about 16 km north of Puerto Vallarta, Jalisco. Punta Mita is home to the Four Seasons Punta Mita, the St. Regis Punta Mita and 16 other resorts. We have reported that
The acquisition of the shares, reflects a strong belief in the Four Seasons luxury brand
The acquisition of a 23.75% stake from Kingdom Holding Company for $2.21 billion, confirms a commitment to the value of the Four Seasons brand. Four Seasons founder and chairman Isadore Sharp will retain his 5% stake through Triples Holdings Limited (“Triples Holdings”). Kingdom Holding is based in Riyadh and owned by Saudi Prince Al-Walid bin Tala.
The increase in the shareholding is a strong sign and enthusiasm for the luxury brand, which is one of the best in the world. It is clear that Cascade fully supports the vision and unique culture that characterizes Four Seasons. Through the acquisition of the investment firm Cascade, the Four Seasons brand will benefit greatly and will be able to set a decisive point in its development. Because with this move Cascade instead of the luxury brand with enormous resources. This will help accelerate growth and achieve the group’s strategic goals more quickly.
Isadore Sharp founded Four Seasons in 1960 and set the company on a path of global expansion. Four Seasons now operates 121 exceptional hotels and resorts and 46 premier residential properties in 47 countries, complemented by a strong pipeline of more than 50 projects in various stages of development.
Four Seasons was founded in 1960
Four Seasons shareholders took the company private in 2007, implementing a strategy that opened new opportunities for guests, residents, employees, and hotel owners worldwide. Today, the Four Seasons name is synonymous with a singular focus on luxury and highly personalized service around the world. Investment firm Cascade first invested in Four Seasons in 1997 when the company went public.
Kindom Holding Company
Kingdom Holding Company is one of the more successful companies in the world in terms of diversification and internationality. The investment company is globally but also regionally very powerful. The investments all belong to the special class.
Founded in 1980 and headquartered in Riyadh, Saudi Arabia, KHC has nearly four decades of exceptional investment success and is known for its diversified portfolio of global powerhouse brands and high-performing local regional holdings. KHC was established as a publicly traded company in 2007.
Kindom Holding Company is among the largest international investment companies
Kindom Holding Company’s involvement is unique, making the investment firm one of the largest in the world today. Its holdings span the globe and
across the globe and include leading market segments such as ridesharing, e-commerce, digital services and social media (Lyft, Uber, Careem, JD.com, Twitter, Deezer) as well as banking and financial services (Citigroup, Saudi Fransi Bank).
Kindom Holding Company is a global leader in the luxury hotel industry
KHC is also a global leader in luxury hospitality and hotel management. The company owns and holds significant stakes in major properties such as the George V in Paris and the Savoy Hotel in London and manages The Plaza in New York through Fairmont. KHC’s global hotel brands include the Four Seasons and the Accor Group (Fairmont, Raffles, Movenpick, Swissotel and Sofitel).
Saudi Arabia, KHC’s real estate investments include the famous Kingdom Tower in Riyadh and Jeddah Economic City, owner of the highly anticipated Jeddah Tower, which when completed will be the tallest tower in the world at over 1,000 meters, as well as Kingdom Oasis and land east of Riyadh.
KHC also holds investments in petrochemicals (Tasnee NIC), education (Kingdom Schools), healthcare (Kingdom Hospital), aviation (NAS Saudi Arabia) and has private equity in the (CDC Sovereign Wealth Fund of France).
Headline photo by Four Seasons London
