Bill Gates’ Cascade Investment is taking a swing in the hotel industry, paying more than $2 billion to take control of Four Seasons Hotels & Resorts.
Cascade is planning to buy 23.8 percent of a stake belonging to Saudi Arabian Prince Alwaleed bin Talal, spending $2.2 billion, according to Reuters. The purchase will give Cascade a 71.3 percent stake and operating control of Four Seasons.
Prince Alwaleed is hanging on to his remaining stake. The purchase values the hotel chain at about $10 billion on an enterprise basis.
Gates is taking a risk in a hotel market that has been struggling throughout the pandemic, despite showing some signs of life more recently. The market in New York City is in the midst of a depression as occupancy rates hover well below typical summer numbers. A CBRE study estimated that the market wouldn’t recover until 2025.
Yet Cascade has shown a willingness to spend big during the pandemic. Last October, Cascade formed a partnership with Singapore sovereign wealth fund GIC for stakes in Storage Mart, a deal valued at about $2.7 billion.
While specializing in hotels and resorts, Four Seasons has expanded to residential rentals as well. The company has more than 100 hotels and resorts around the world. The company doesn’t typically own its properties, instead operating them on behalf of developers.
36 comments:
Rather him than the TrumpTurd.
They've all got that same glazed expression and crazy eyes.
Anonymous said...
They've all got that same glazed expression and crazy eyes.
Too many booster shots
I’m still surprised that the Saudis are allowed to own anything here. Is this their reward for blowing up the twin towers?
If they do it again I suppose the right wingers will have us invade another third world country fit revenge. After all , the Saudis are very wonderful people. Everyone is saying it.
Wonder if he’s going to turn them into housing for the homeless
Don’t quit your job over the jab. Make them fire you.
He was actually looking to buy Four Seasons Total Landscaping. It's a common mistake.
Stop using Microsoft, it is only for micro brains.
Smart people use Linus.
Rather him than the TrumpTurd.
signed - Chicken Shit.
BillyGoat the "self made" billionaire pumped $4.58 billion into the WHO.
This seems to be chump change from the guy who gave us 640KB of memory and later the Blue Screen of Death.
Too bad his buddy Epstein, has expired.
BillyGoat is also ready for trial, millions of dead children in Africa and India after his "humanitarian" efforts to save the world from "diseases".
There is no satisfying greed
Anyway, are any of these in Queens? I’ve seen more exciting stuff watching paint dry.
By the way,
Queens County Fair is back again this year, this weekend.
All LibTards and TrumpTurds are welcome. Fun fo all the family. Sheeple can visit, enjoy the carnival and see the other Sheep in their almost natural habitat.
No prizes for quotations or discounts for the Illuminati. There are prizes for art, bakery, flowers, veggies and Sherple.unvaxed are welcome too as long as they wear a star.
The vaxed are already tracked. We know where you are….
This is how people talk when they haven't got a clue what they are talking about.
"Rather him than the TrumpTurd" Please Get a life/grow up, do some reading.
@If they do it again I suppose the right wingers will have us invade another third world country fit revenge.
With full support from the left wingers.
Think Octopus, makes no difference left or right.
War is good, money is great and get to pass laws about travel, daily subscription to jabs.
Saudis are loaded with cash, so who cares about nobodies?
Communism really does a number on your face yiked !
“Come on man" inflation is a good thing said...
Build Back Better worked well for the rich global Marxists like Gates and Bezos.
Americans Are Waking Up to Just How Terrible the Beijing Biden Economy Has Become !
His supporters: "Everything's fine, hee hee ha haa, tow the line, ha ha ha , everything's fine, tow the line, orange man bad"
@Please Get a life/grow up, do some reading.
Telling this to a Bernie kid? hahahaha, good one. Communism, socialism is good on other people's money. Bernie himself likes to drive an Audi R8, not a bad choice, too bad so many of us including his crazed followers cannot afford it!
@"Build Back Better worked well for the rich global Marxists like Gates and Bezos."
So Gates and Bezos weren't around before Biden? Ok. And the are Marxist too? Amazing news. What planet did you suddenly fall off and land on earth. Probably one of them other flat planets just like Earth?
@"Beijing Biden"
I thought Biden was from Pennsylvania. Who is this "Bejing Biden" you speak of? Was he a star in one of Bruce Lees movies? Does he have a cooking show? Was he a fearsome outlaw back in the wild west?
@Was he a fearsome outlaw back in the wild west?
He is the demented Xiden Joe Chine aka Beijing Biden. Bought by and paid for the CCP.
You are so stupid it must hurt soy boy.
**And the are Marxist too**
Try again when you are sober. Words don't come out from your alcohol induced brain.
Ask Bill and Jeff how they doing with their taxes.
Bill Gates
For the past five years, the Chinese Communist Party (CCP) via the National Natural Science Foundation (NSFC) of China has maintained a partnership with the Bill & Melinda Gates Foundation that involves conducting scientific research into, you guessed it: bat coronaviruses.
The state-owned scientific group says it is “guided by President Xi Jinping’s Socialist thoughts,” which normally involve creating “strategic cooperative agreements” with the CCP’s Central Military Commission. However, the Gates Foundation got involved back in 2015, signing a memorandum of understanding with the NSFC to “jointly support research projects and bilateral workshops.”
“Together, the Gates Foundation and NSFC would ‘co-fund awards of up to US$1M and 4 years for collaborations between Chinese and international investigators,'”
Billionaire Gates is using your taxpayer dollars to develop new covid “vaccines”
The Gates Foundation is still working with the NSFC on Fauci Flu research. It was identified as one of several CCP-run scientific organizations that “partnered” with the regime on a $5 million grant to “identify and confirm cases, safely isolate and care for patients and accelerate the development of treatments and vaccines.”
Marxist? Lets call him authoritarian capitalist, scumbag is a good word for him also.
Seem to like underage girls, but gives good head to Xi Jingping and his Politburo.
Jeff Bezos? Owner of the Washington (Com)Post?
Bezos and his editors at The Washington Post chose to publish a false story portraying the Peoples Republic of China as a fairy tale land laden with opportunity and optimism.
The article begins with, “The overwhelming humidity of the Chinese summer was not enough to stifle the ardor of the crowds of 20-somethings honoring Mao Zedong, the founding father of Communist China. Some took fairground-style miniature trains while others ran three miles through the heat to reach the giant statue of a young Mao — China’s equivalent of Mount Rushmore — staring out over the Xiangjiang River.”
Why in the world would Bezos’ newspaper portray Mao Zedong, the ruthless dictator who was responsible for the deaths of millions, as the George Washington of China? It is akin to the newspaper waxing poetically about Hitler, Mussolini, Stalin, Pol Pot, etc. It is disgusting.
Now you decide what these so called "billionaires" are. I can only tell you what they are NOT - patriotic Americans. They are parasites, this country is only good to make money.
@“ Anonymous said...
Communism really does a number on your face yiked !”
I thought Ronnie Regan defeated communism, all while eating a jar of jellybeans?
Did he not notice Bill Gates?
Meet China Joe, Xiden Joe Bidet
https://www.youtube.com/watch?v=8DzNb7NUmAQ
Bejing Biden, some say is being blackmailed by China because of his sons actions !
Look it up ass wipe.
"I thought Biden was from Pennsylvania" You can think ?
@Did he not notice Bill Gates?
Back then Billy was a nobody.
Try again.
@Bejing Biden, some say is being blackmailed by China because of his sons actions !
And his own actions of course. Blackmail is no more, they - CCP - just tell him what needs to be done, think "administrator" of the US that was installed via fraud.
Simple.
@“ some say is being blackmailed by China because of his sons actions !
Look it up ass wipe.”
Which website did you find this in? Screwballs.com, retardsrus.com, idiotsanon.com , dumbassrightwingnuts.net?
I think the Gates Foundation is a secret front for the Illuminati.
Beijing Biden? It was Trump who was always saying how much he loved President Xi, and people forget how he was praising Xi for his handling of the coronavirus outbreak:
January 21, 2020:
"Our relationship with China has now probably never, ever been better. He's for China, I'm for the U.S., but other than that, we love each other."
January 24, 2020:
"China has been working very hard to contain the Coronavirus. The United States greatly appreciates their efforts and transparency. It will all work out well. In particular, on behalf of the American People, I want to thank President Xi!."
February 13, 2020:
"I think they've handled it professionally and I think they're extremely capable and I think President Xi is extremely capable and I hope that it's going to be resolved."
It’s always “China, China, China” with the TrumpTurds.
Nothing else to say.
@You can think ?
Not much. Bidet was a DuPont puppet initially.
Ever been to Delaware?
OMG....another conspiracy theory.
Can’t face life? Smoke some weed or snort some blow and imagine little lizards in your bloodstream. Getta job!
@“ It was Trump who was always saying how much he loved President Xi, and people forget how he was praising Xi for his handling of the coronavirus outbreak”
That’s fake news now. Trump never wanted a hotel in China. Ivanka never sold shoes in China. Trump never got his products made in China. Trump never said that the Taliban, Xi, Putin and many other dictators were wonderful people. Fake news. Trump never lies. Fox News says so, and they are always right.
Trump defeated communism, socialism and stopped the virus. Everyone is saying this. He never lost an election either because everyone is saying this too.
Where are your facts? Fake news, everybody is saying it.
It’s always “China, China, China” with the TrumpTurds.
Nothing else to say.
Look BidenTurd, TrudeauTurd, FidelTurd's illegitimate son is already joining the club.
China’s Corporate Social Credit System: How businesses can prepare
https://www.tradecommissioner.gc.ca/china-chine/cscs-scse.aspx?lang=eng
So TurdBrain, you'll be getting your Turd Social Credit System here, administered by MS and Google real soon.
Anonymous said...
It’s always “China, China, China” with the TrumpTurds.
Nothing else to say.
Maybe because there's actually a connection there, unlike you Biden Turds with your Russia Russia Russia fairy tales.
Post a Comment