Skip to content.

Cascade Investment increases its stake in Four Seasons Hotels and Resorts from 47.5 percent to 71.25 percent for US$2.21B

Date Announced

September 08, 2021

Lead Office



2.21 Billion USD

On September 8, 2021, Four Seasons Hotels and Resorts announced that its longstanding shareholder, an affiliate of Cascade Investment, L.L.C., entered into a definitive agreement to acquire a controlling interest in Four Seasons in an all-cash deal. Cascade has agreed to increase its existing 47.5 percent stake to 71.25 percent, by purchasing half of the existing 47.5 percent stake owned by an affiliate of its long-term investment partner Kingdom Holding Company, for US$2.21 billion.

Cascade Investment, L.L.C. is a private investment entity that holds assets of William H. Gates III.

Kingdom Holding Company is a diversified investment holding company based in Saudi Arabia.

McCarthy Tétrault is advising Cascade Investment, L.L.C. with a team led by Robert Hansen that includes Robin Mahood (Corporate/M&A), Oliver Borgers and Erin Keogh (Competition/Antitrust & Foreign Investment), and Gabrielle Richards and Stefanie Morand (Tax).