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.

The purchase will give Cascade a 71.3% stake and operating control of Four Seasons.

Gates is taking a risk in a hotel market that has been struggling throughout the pandemic, despite showing some signs of life more recently.

Four Seasons, founded in 1960, has more than 100 hotels and resorts around the world and went public in 1997 when Cascade first invested in the business.

(source: therealdeal.com image: ...