Bill Gates Invests in Riviera Nayarit

The intense promotion that the Governor of the People, Roberto Sandoval, has made of the Riviera Nayarit has placed this destination as the favorite of national tourists, foreigners and investors alike, which is proven now that Bill Gates has purchased the prestigious hotel “Four Seasons Resort Punta Mita 1”.

Cascade Investment, the private investment arm of the multi billionaire Bill Gates, bought this hotel complex, situated in the municipality of Banderas Bay, for an amount of 200 million. According to documents presented before the Security and Exchange Commission (SEC) of the United States, the transaction included the purchase of “La Solana”, an adjacent plot of 19.5 hectares of terrain in development.

“We are an important investment firm in Mexico and we keep a positive vision on a long-term basis in the country and its economy”, noted in a communiqué the president of investments of the cited company, Michael Larson.

According to sources near the transaction, this could be concluded in the first quarter of 2014, although it is subject to certain conditions of closing and regulatory approval.

The work of Roberto Sandoval in tourist matters is reflected with the arrival of new investments, as is the case with the European company Iberostar, that recently inaugurated its new complex in Litibú.

[readon1 url="http://www.periodicoexpress.com.mx/nota.php?id=281797"]Source: Periódico Express Translated by Rene Tripp[/readon1]