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Cascade Investment has agreed to increase its share in Four Seasons Hotels and Resorts from 47.5 percent to a controlling 71.25 percent, the hotel company announced.
Cascade Investment has agreed to increase its share in Four Seasons Hotels and Resorts from 47.5 percent to a controlling 71.25 percent, the hotel company announced. Cascade has agreed to pay $2.21 billion to Kingdom Holding Co. to increase its share, placing Four Seasons at a $10 billion enterprise valuation, according to the company. Kingdom Holding Co. will retain a 23.75 percent share of the hotel company.
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Business Travel News Cascade Agrees to Acquire Controlling Stake in Four Seasons
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