Bill Gates Pays $200M For Mexican Four Seasons

Law360, Los Angeles (December 12, 2013, 7:42 PM EST) -- Bill Gates’ private investment arm, Cascade Investment LLC, will buy a Four Seasons Hotel in Punta Mita, Mexico, for $200 million, Cascade announced Thursday, marking Cascade’s third purchase of a Four Seasons Hotel since September.

Cascade will buy the 173-room resort and an adjacent 48-acre parcel of land from Strategic Hotels & Resorts Inc., which has owned the property since 2001. The deal is expected to close in the first quarter of 2014, according to Strategic Hotels.

“We are a significant investor in Mexico and hold...
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