Bill Gates-Backed Firm Buys Four Seasons Hotel Atlanta For $62 Million
Photo Credit: Four Seasons Hotel Atlanta. Four Seasons
Skift Take
Bill Gates' Cascade Investment already plays a role in managing a hotel, and now it will go full circle and own it, too. Seller Host Hotels, meanwhile, wants to reduce its ample presence in Atlanta.
Host Hotels & Resorts Inc. announced that it has sold the 244-room Four Seasons Hotel Atlanta and its office space in Midtown for $62 million to a private investment firm controlled by Microsoft co-founder Bill Gates.
The five-star hotel, which opened in March 1997 at 75 14th Street, will remain a Four Seasons, according to the buyer, Cascade Investment. The hotel occupies the lower third of the 53-floor building, with 226 guest rooms and 18 suites.
Cascade spokesman Rick Matthews told The Atlanta Journal-Constitution on Friday the company is acquiring the hotel and 99,000 square feet of office space.
