Steven D. West PC

Interior Of The Four Seasons Hotel And Resort In Macau The Lead Consultant Was The Architecture Firm Aedas In 1974 Cost Overruns At The Four Seasons Hotel Vancouver Nearly Led The Company Into Bankruptcy As A Result The Company Began Shifting To Its Current Management-only Business Model Eliminating Costs Associated With Buying Land And Buildings The Company Went Public In 1986 In The 1990s Four Seasons And Ritz-Carlton Began Direct Competition With Ritz-Carlton Emphasizing A Uniform Look While Four Seasons Emphasized Local Architecture And Styles With Uniform Service; In The End Four Seasons Gained Market Share Built In 1986, Four Seasons Hotel Austin Is A Nine-story Hotel On 2.3 Acres Of Land On The Lady Bird Lake's North Shore In 1997 Four Seasons Hotel Austin Became The First Hotel To Have "a High-speed Wireless Internet Network" After Wayport Inc Set It Up There For Testing Wireless Internet Networks The Hotel Hosted Queen Elizabeth II In 1991 When She Visited Texas.[dead Link] It Was Acquired By Anbang Insurance Group From The Blackstone Group For $359.7 Million In 2016 Economic Downturns In The Early And Mid-2000s Affected The Company When The September 11 Attacks Caused The Collapse Of The Travel Industry Four Seasons Refused To Cut Room Prices In Order To Preserve The Perceived Value Of The Brand Which Caused Tension With Property Owners Who Were Losing Money The Company Recovered And In 2007 It Agreed To A Buyout By Microsoft Chairman Bill Gates And Prince Al-Waleed Bin Talal Of Saudi Arabia For $3.8 Billion The Pair Own 95 Percent Of The Company In Equal Shares And Sharp Owns The Rest Challenges Returned Again During The Financial Crisis Of 2007�2010 The Company Made The First Corporate Layoffs In Its History Cutting 10% Of Its Toronto Workforce In April 2010 After A Year-long Dispute With Broadreach Capital Partners And Maritz Wolff & Co Owners Of The Aviara Resort Near San Diego An Arbitration Panel Ruled That While Both Parties Contributed To The Demise Of The Business Relationship Four Seasons Had Not Violated Its Management Agreement The Arbitrators Ordered Broadreach To Pay Four Seasons To Terminate The Contract." The Resort Is No Longer A Four Seasons Four Seasons Has Continued To Add More Hotels And Resorts To Its Portfolio Notably In China It Opened A New Hotel In Hangzhou In 2010 And Guangzhou Beijing And A Second Property In Shanghai In 2012 In India It Has One Hotel In Mumbai In 2013 It Opened Its First Hotel In Russia In The Lobanov-Rostovsky Palace In St Petersburg And Later Opened A Second Hotel In Moscow In Indonesia It Has One Hotel In Jakarta And Another Two In Bali In October 2012 Four Seasons Opened A New 259 Room Toronto Hotel In Yorkville Designed By Internationally Known Design Firm Yabu Pushelberg The Hotel Includes An Upscale Restaurant Led By Celebrity Chef Daniel Boulud It Was Hailed By The Globe And Mail As "the Renewal Of An Iconic Canadian Brand In Its Hometown" The Penthouse Was Bought By Entrepreneur Robert �sterlund (founder Of Xacti LLC And Inbox.com) For A Canadian Record Price Of Over $28 Million In 2009 Founder Sharp Wrote A Memoir Titled Four Seasons: The Story Of Business Philosophy It Contained A Historical Chronicle Of The Hotels Since Its Inception Business Model