Bill Gates Picks Up Atlanta Four Seasons Hotel For $62M

Law360, New York (November 21, 2013, 7:38 PM EST) -- Bill Gates' private equity firm, Cascade Investment LLC, has acquired a 244-room Four Seasons Hotel in Atlanta for $62 million from Host Hotels & Resorts Inc., Host Hotels said Thursday.

The deal includes the five-star hotel and its associated office space, according to Host Hotels, which has sold two other hotel properties this year as it exits nontarget markets.

“We are excited to announce this transaction,” Host Hotels Executive Vice President and Chief Investment Officer Struan B. Robertson said in a statement Thursday. “This sale continues...
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