Chances are, it’s no news to you that Houston’s real estate market is hot. Property values are going through the roof and land is at a premium right now, and there are no signs that this growth will slowing down anytime soon. Houston is a great place to live and invest, and more people than ever are appreciating our city’s many charms. You may be a little more surprised to hear that one of America’s richest residents, none other than Bill Gates, is getting in on the action. CultureMap reports that the Microsoft magnate will close a deal October 1 to purchase the iconic Four Seasons Hotel in downtown. The 404 room AAA Five-Diamond property is selling for an undisclosed (but surely astronomical) sum and is expected to undergo a major upgrade under Gates’ ownership. The world-class hotel will continue to operate under the Four Seasons name. Located at 1300 Lamar Street near Discovery Green, Four Seasons Houston is home to renowned restaurant Quattro and is one of the premier luxury hotels in Texas. If savvy bajillionaires like Bill Gates are getting in on the Houston real estate market, we think that’s a pretty good indication that there’s no time like the present to invest in local property!