Thursday, December 19, 2013

Bill Gates Buys Resort Hotel near
Puerto Vallarta for $200 million

Looks like Bill and Melinda Gates might have a new vacation home. Or at least, a nice investment.

Cascade Investment, Bill Gates’ private investment arm, is purchasing the Four Seasons Resort Punta Mita and an adjacent 48-acre parcel of development land for $200 million in cash, according to a filing with the U.S. Securities and Exchange Commission.
The deal is expected to close in early 2014.

John Pinette, Gates family’s spokesman, declined to 
comment on what Gates plans to do with the purchase. 
It may simply be that Cascade Investment, or Gates, thinks 
it’s a good time to increase its investment in the Four Seasons chain.

Earlier in 2013, Cascade bought the Four Seasons Hotel Atlanta for $62 mil.,
and the Four Seasons Hotel Houston for $140 mil., according to Bloomberg.

Gates and Prince Alwaleed bin Talal, a Saudi Arabian billionaire, have a 95 percent stake in the chain, according to Bloomberg, which says the two men took the hotel chain private in 2007.

In a recent, related story of 
Other Super Rich Obama donors, 
Warren Buffet made 12.7 billion 
dollars in 2013. 
He still pays less taxes than his secretary.

Income taxes, property taxes, sales taxes, 
all the rest, 
are for us stupid 
players, who live here:

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