great as always
DavidO !
Originally Posted by
DavidO
built by Four Seasons in 1996. After Four Seasons merged with Regent, the hotel's owners decided to go with Regent branding and management.
Originally Posted by
vuittonsofstyle
Four Seasons had merged with Regent long ago, and Carlson had bought the Regent brand, so by then, Regent had nothing to do with Four Seasons.
FS and regent and berlin >
2004 FS wanted out of equity/lease of berlin; after that rezidor got management, possibly paying for new restaurant
2002 carlson partner with rezidor (initially in EMEA region)
1998 FS sell regent name to carlson (not management)
1992 FS acquire regent
wow, FS still manages regent singapore?
not sure when FS stopped managing regent taipei
nov 2005 - regent kuala lumpur drops FS management
berlin incl FS >
Originally Posted by
vuittonsofstyle
impossible to make a profit as Berlin is such a low-yield destination.
FS regretted having minority stake in development and lease of berlin hotel (and other hotels elsewhere)
re berlin - FS mentioned something about pending/continuing redevelopment of area around hotel
in general - the events in early 2000s impacted global economy, not just berlin
hyatt opened grand in 1998 and marriott opened ritz in 2004 and they both lease their hotels
although FS also owned 26% stake in company that held freehold ownership of hotel
in 1991 Four Seasons entered into an operating lease to acquire the management of the Four Seasons
Hotel Berlin...Four Seasons Hotel Berlin opened in September 1996...Fee revenue earned from the hotel has been less than $400,000 per year [1999 through 2003]
operating loss incl ownership cost and excl fee revenue >
1999 $1mm / 2000 $1.8mm / 2001 $1.5mm / 2002 $3.9mm / 2003 $3.8mm