It’s been a long and winding road following the news about the Four Seasons in New York City. The luxury hotel has been closed since March 2020. While other ultra-expensive hotels in Manhattan have been thriving in the post-pandemic world, the Four Seasons has still not reopened. Much of the reason for this is a protracted legal fight between Ty Warner Hotels and Resorts, which owns the Manhattan hotel and Four Seasons, which operates the property.
Four Seasons Hotel
Ty Warner, the billionaire Beanie Babies tycoon, bought the Four Seasons New York in 1999 for $275 million but has often complained about the fees and operating costs that Four Seasons charges. While the hotel website has said it was “undergoing renovations,” there has been little evidence of large-scale projects that would keep the hotel closed for several years.
It now appears that the two parties have reached an agreement, and the Four Seasons New York website now says that the hotel will reopen in Fall 2024.
Thank you for your interest in Four Seasons Hotel New York. The Hotel remains temporarily closed and is expected to reopen in fall 2024. Enhancements are planned, and we look forward to welcoming you back to our celebrated property upon reopening.
Four Seasons put out a brief press release about the agreement.
Ty Warner Hotels and Resorts, along with affiliated entities, and Four Seasons have completed agreements with plans to reopen Four Seasons Hotel New York in September of 2024 and Four Seasons Resort The Biltmore Santa Barbara in the spring of 2025. The Coral Casino Beach and Cabana Club has reopened under the management of a Ty Warner company.
For more than three decades, both iconic properties have hosted discerning travellers and locals alike, and Ty Warner’s team and Four Seasons look forward to welcoming guests back to these celebrated properties.
The internationally renowned Four Seasons Hotel New York and Four Seasons Resort The Biltmore Santa Barbara are currently undergoing enhancements and more details regarding reopening plans will be announced in the coming months.
It appears that the deal includes both the Four Seasons New York as well as Four Seasons Resort The Biltmore Santa Barbara, which has also stayed closed since the start of the pandemic.
The New York Post reports that, as part of the agreement, some of the hotel’s rooms will be converted into apartments.
A source with knowledge of the negotiations told The Post that up to 50 of the 368 rooms at the iconic property at 57 E. 57th St. – once known as the most expensive hotel in New York City – will be sold off as apartments.
While the press release says the hotel will reopen in September, it’s not currently taking reservations. Considering its long closure and the need to rehire staff, it’s an ambitious timeline to reopen a hotel of this caliber in three months. There are definitely customers out there who’ve missed staying at the Four Seasons New York and who are sure to return when it reopens.
Cover photo courtesy of Four Seasons
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