HOUSTON Bill Gate s investment firm has agreed to buy Houston s downtown Four Seasons Hotel, the Houston Chronicle reported.

The hotel is located at 1300 Lamar Street.

Cascade Investment, the technology billionaire s private investment firm is expected to close on the deal on Oct. 1.

We have great faith in Houston, particularly with its strong role in the global energy business, Michael Larson, Cascade s chief investment officer, said in a news release.

The hotel will keep its current management.

Click here to read more from the Houston Chronicle.

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