HOUSTON-Privately owned Cascade Investment LLC has struck a deal with Maritz Wolff & Co. for ownership rights of the 404-room Four Seasons Hotel Houston. The Seattle-based buyer, which is controlled by Bill Gates of Microsoft Inc. fame and run by chief investment officer Michael Larson, plans to close on the deal Oct. 1.

The sales price was undisclosed, though Harris Central Appraisal District assesses the property at 1300 Lamar Street for $64.1 million. The asset, which also includes 64 rental units, was built in the early 1980s, and Maritz Wolff of St. Louis has owned it since 2000.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.