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Bill Gates’ Cascade Investment firm buying controlling stake in Four Seasons Hotels

GeekWire

Bill Gates’ Cascade Investment LLC is acquiring a controlling stake in Four Seasons Hotels and Resorts , the company announced Wednesday. to 71.25% and Four Seasons enterprise value will be $10 billion. Gates and Cascade first invested in Four Seasons in 1997 when the hotel was public. Cascade is purchasing half of the 47.5%

Hotels 126
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Hotel business intelligence platform OTA Insight nabs $80M

Venture Beast

OTA Insight, a market intelligence platform that gives hotels the data and analytics to increase their revenues, has raised $80 million. Read More.

Hotels 89
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5 Ways ERP Streamlines Hotel and Resort Operations

IT Toolbox

In the hospitality industry, an enterprise resource planning (ERP) system is a vital tool for ensuring the best possible experience for guests. The many moving parts of hotels and resorts must work in sync every day to ensure that the business operates at its optimum level.

Hotels 111
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New Owners for Philadelphia Carrier Hotel at 401 North Broad

Data Center Knowledge

Amerimar Enterprises and Abrams Capital have acquired 401 North Broad Street, the major data center and carrier hotel in Philadelphia, and will partner with telecom industry veteran Hunter Newby to operate the property. Featured'

Hotels 191
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66% of hotels and hospitality enterprises considering SaaS models in COVID-19 response

Tech Republic Cloud

According to a new survey, 38% of IT leaders plan to increase their investment in cloud-based networking.

Hotels 196
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IHG maximizes hospitality with multicloud

CIO Business Intelligence

For IHG Hotels and Resorts, the cloud provides just the right accommodation for business success. The cloud also helps IHG “drive commercial value for our enterprise,” Turner says, noting that IT pros can innovate in the cloud in months what used to take years.

Hotels 132
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Cloud technology is fueling the enterprise with changing work patterns

CTOvision

Read Ashish Parmar explain how cloud technology is changing the way companies do business on IT Pro Portal : Using Uber or Lyft when you are running late, leveraging the Google maps to reach office or hotel, listening music on Spotify, and watching Netflix at home are the common phenomenon to which we have accustomed […].

Hotels 151