FOUR SEASONS Hotels register positive results in 2011 and accelerate expansion

According to WSJ, Four Seasons Hotels & Resorts, co-owned by HRH Prince A Waleed (Kingdom Holding) and Bill Gates (Cascade Investment) registered a 9% increase in revenue per room for the first nine months of 2011, compared with the same period in 2010. HRH Prince Al Waleed and Bill Gates acquired Four Seasons in 2007 for US$ 3,4 billion

Mr Sarmad Zok, chief executive of Kingdom Hotel Investments, a unit of Kingdom Holding, described the prince and Kingdom as "delighted" with the Four Seasons investment and added that the prince wants to accelerate the chain’s expansion.