Tonyr4

This hotel lost money in 2018 & 2019 before the pandemic even began yet the Four Seasons still collects its management fees no matter what. Not surprised there is a fight between the owner and four seasons corporate, I'd keep it closed too if I were in the owners shoes.

Aventine

I guess Warner will rundown the management contract for how ever long that is.

scented

Mr Warner surely knew what he was signing up for... FS has standards to uphold and it's not entirely unusual for a property to make losses for certain period... it's a long term game and about real estate. And frankly Four Seasons made enough sacrifices for this man: yes, he gave them an iconic hotel, but they outsourced the Spa, they cut a very good restaurant and engaged in various cost cutting measures to meet his demands. I understand their side as well. Just look at the rooms... they're all his design, this owner is way too hands-on, he decided so many details. Including that infamous penthouse bearing his name.

I think he expected FS to offer waiving their management fees for the Covid closure period. That didn't happen, given they themselves have to deliver revenue. Not surprised here... however now with the current market there would have been a healthy profit.

KatW

Brief overview of newer luxe hotels in NYC:
https://www.barrons.com/articles/new...ne-01665082277

offerendum

Aman has a new promotion. Rent for purchase prices. OK, but without joking. Even on the risk I say it the thousands time. Prices are totally crazy at the moment.

sppunk

Haven’t started there, granted, but I don’t understand how the Ned Nomad is being considered luxury by any stretch.

KatW

Fair enough. Most such lists include venues we here would consider outliers.

offerendum

Indeed. "Our" definition of luxury is not the common one.

erik123

The rates surely are.

sppunk

truth! My fav and go-to is def not luxury (Bryant park hotel) but looks more appearing than that place!

danlee200

I think Warner and Four Seasons should think of the employees who filed a class-action lawsuit against them. I feel sorry for the employees. Warner is pretty rich but those employees who lost their jobs and severance pays are not.

offerendum

I thought qualified staff is a rare good at the moment.

Michaeljinnyc

Any recent stays? What's my best bet for Jan 2024

Valveking

I have an upcoming stay at the Aman and will report back.

rajuabju

Definitely interested to hear about the Aman.

I think the St. Regis is a very solid option although been a long time since I last stayed there. I will be staying at the Park Hyatt (first time for me) in October, which is probably one of the best point redemption options available.