Report: $900 million offer made for Four Seasons New York

By Danny King
The owner of the Four Seasons Hotel New York has received a $900 million purchase offer for the 369-room hotel, the Wall Street Journal reported, citing unidentified people “briefed” on the process.

Hotel owner and billionaire Ty Warner, who made his fortune making and selling Beanie Babies, told Four Seasons that he received an offer from a prospective buyer whose identity wasn’t disclosed. Warner bought the Midtown Manhattan hotel in 1999, the Journal said.

At $900 million, the property would sell for $2.44 million a room. Four Seasons declined to comment on the offer.

Rates at the hotel for next weekend start at $895 a night.

The 52-story hotel was designed by famed architect I.M. Pei.

Follow Danny King on Twitter @dktravelweekly.
This page is protected by Copyright laws. Do Not Copy. Purchase Reprint
blog comments powered by Disqus

View Comment Guidelines

Please upgrade your Flash Player.
Please upgrade your Flash Player.

Travel Weekly Poll

Voices

  • Consumer media discover that travel agents do exist

    "Contrary to some thoughts, travel agents do exist ... We are usually able to get clients better prices, and we know we can see that clients have better experiences. And as our personal motto is: Our Service Travels With You."

    More»

TW Index: Most Active Stocks

Latest Top News:
Caribbean
Europe
Travel Weekly is on Facebook
Viewpoints For Travel Agents
Travel Weekly Topics