Four Seasons Hotels, Inc. is a Canadian-based international luxury hotel management company. Travel + Leisure magazine and Zagat Survey rank the hotel chain's properties among the top luxury hotels worldwide.
Four Seasons does not own any of its properties; it operates them on behalf of real estate owners and developers. The contracts between Four Seasons and property owners typically permits the company to participate in the design of the proper...
more
Four Seasons Hotels, Inc. is a Canadian-based international luxury hotel management company. Travel + Leisure magazine and Zagat Survey rank the hotel chain's properties among the top luxury hotels worldwide.
Four Seasons does not own any of its properties; it operates them on behalf of real estate owners and developers. The contracts between Four Seasons and property owners typically permits the company to participate in the design of the property and run it with nearly total control over every aspect of the operation.
Four Seasons generally earns 3 percent of the gross income and approximately 5 percent of profits from the properties it operates, and the property owners are required to additionally contribute money for chain-wide sales, marketing and reservations systems. Four Seasons hotels have larger staffs than competing chains, therefore they create a separate reserve accounts to cover upkeep costs. While profit margins are relatively low, the reputation of the brand and the...
less
