Bill Gates will purchase a majority stake in the Four Seasons hotel chain for $2.21 billion, the company announced Wednesday. Cascade Investment LLC, which manages the Microsoft cofounder’s massive fortune, agreed to buy half of Saudi Prince Alwaleed bin Talal’s stake in the hotel chain. The all-cash deal pushes Gates’ ownership from 47.5% to 71.25%
Month: September 2021
Josephine Gotianun-Yap is plowing ahead with growing her family’s diversified company despite a drag from the pandemic. In August, Filinvest Development president and CEO Josephine Gotianun-Yap made the gutsy call to go ahead with its listing of a REIT, into which it was injecting 17 office towers from its subsidiary Filinvest Land. At $236 million, Filinvest
The hottest thing in residential development is built-for-rent single-family communities (BFR), and billions of investment dollars are lined up to serve the growing need. Investors seeking yield are having difficulty finding enough built homes to buy, so they are shifting more attention to “ground-up” development of brand-new rental single-family neighborhoods. The land-rush is intense. Land
Dave Friedman is Co-Founder and CEO of Knox Financial, the smart and frictionless way to turn a home into an investment property. Homeowners who are getting ready to move face endless choices and to-dos — finding a seller’s agent, deciding how much to fix up the house, choosing when to list and searching for a new
Although the bubbling thermal spas have long been an attraction, it is was the frequent visits of French Emperor Napoleon III that put Vichy, France, on the map in the second half of the 19th century. It was during this time – characterized by industrial expansion and the rise of Impressionism – that a Neo-Louis
When it comes to Southern California luxury homes, the Ellen DeGeneres touch is akin to that of the mythological King Midas. Except instead of gold, every house the longtime talk-show host and her wife Portia De Rossi touch turns into a gem. The Midcentury Modern showplace known as the Rowan Residence sits in Beverly Hills’
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