ATLANTA—Cascade Investment, the private investment arm of Microsoft chairman Bill Gates, has snapped up yet another Four Seasons. The Four Seasons Hotel Atlanta is the firm's second in recent weeks.
Cascade is buying the asset from Host Hotels & Resorts, which has owned it since 1998. Host said Thursday it had sold the asset for $62 million.
Opened in 1997, Four Seasons Hotel Atlanta is in a prime midtown location. The hotel is listed in US News and World Report's exclusive Best Hotels in the USA and is Forbes Travel Guide's only five star Atlanta hotel.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
