Cascade Investment, a company controlled by Bill Gates, reached an agreement to buy the 404-room Four Seasons Hotel Houston from Maritz, Wolff & Co.
Cascade will pay about $140 million for the hotel, Bloomberg News reported, citing unidentified people familiar with the transaction.
The property includes 64 serviced apartments.
In addition to owning the Houston hotel, Cascade is an investor in Four Seasons Hotels and Resorts.