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Four Seasons Expands Portfolio; Makes Residential a Strategic Priority


Four Seasons Hotel Kuala Lumpur (artist's rendition)

Four Seasons Hotel Kuala Lumpur

Four Seasons Hotels and Resorts has several openings planned for 2018, including its first standalone residential project.

This year, the luxury hospitality company will open Twenty Grosvenor Square, a Four Seasons Residence, in London, England. It will also open hotels and resorts in Kuala Lumpur; Bengaluru, India; Desroches Island, The Seychelles; Philadelphia, PA; São Paulo, Brazil; and in Greece.

“Our singular focus is on luxury lifestyle, encompassing Four Seasons hotels and resorts, and increasingly, Four Seasons Private Residences,” says J. Allen Smith, president and CEO, Four Seasons Hotels and Resorts. “For decades, Four Seasons has been synonymous with the highest standards of quality and service for luxury travellers, many of whom have now chosen to ultimately live at Four Seasons. We are now committing even greater resources to this priority.”

Strategic Priority: Four Seasons Residential

Four Seasons Astir Palace Hotel Athens

To support the company’s growing residential business, Paul White has been appointed to president, Residential at Four Seasons Hotels and Resorts. Reporting to the president of Portfolio Management and Owner Relations, Michael A. Crawford, this newly created global role is focused exclusively on the company’s existing residential properties and the more than 30 projects currently in advanced stages of development, including working with owner partners to develop, design and market residential projects.

“Paul and his team oversee what we project will be USD 10 billion in Four Seasons residential sales over the next five years,” says Crawford. “Four Seasons is distinct in the market as we also manage our residential properties, thus ensuring world-class service for our homeowners. We are also the only brand with a dedicated residential team, a team that under Paul’s leadership will continue to evolve our offerings and provide owners with a luxury lifestyle experience that can only be found through Four Seasons.”

Four Seasons Resort Seychelles At Desroches Island

Since entering the luxury real estate business in 1985, the company’s portfolio of Four Seasons Private Residences, as well as its villa and residence rentals program, has grown to include 38 properties in 17 countries, and is set to double in the next five years. Twenty Grosvenor Square, a Four Seasons Residence in London, opening this year, will be the first standalone Four Seasons residential property, while approximately 80 percent of current hotel and resort development projects include a residential component.

Other properties opening this year include:

  • a new hotel next to the Petronas Towers in Kuala Lumpur;
  • a second hotel in India along with Private Residences in Bengaluru;
  • a second resort in Seychelles on the secluded Desroches Island;
  • a new hotel in Philadelphia in what will be the city’s tallest building, and which will, in partnership with Comcast, introduce a new level of enhanced technology for luxury travellers;
  • a new hotel and residences in São Paulo, the company’s first hotel in Brazil;
  • and the conversion of a longstanding favourite on the Athenian Riviera in Greece, the Astir Palace.

Building on Success: 2017 Growth Highlights

Four Seasons opened seven hotels and resorts last year, including:

  • a second location in London at Ten Trinity Square, which realized the meticulous restoration of a historic landmark;
  • a ninth location in China in the port city of Tianjin;
  • the revival of the historic Surf Club in Surfside, Florida, as a Four Seasons hotel and residences;
  • a first hotel in Kuwait;
  • the first Four Seasons in Tunisia, located on prime beachfront location;
  • the debut of the legendary Ocean Club, Paradise Island, The Bahamas as a Four Seasons experience;
  • and an all-new hotel in Megève, France.

In 2017, the company also announced plans to open Four Seasons hotels, resorts and residences in Korea at Jeju Island; the Chinese port city of Dalian; a second location in Saudi Arabia at Makkah; and a second property in Vietnam in the heart of Hanoi.

 

 



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