1998 Annual Report - Four Seasons Hotels and Resorts

ANNUAL INFORMATION FORM(continued)A D E S C R I P T I O N O F H O T E L S A N D R E S O R T SFour Seasons properties are comprised of luxury hotels and resorts whose target customers are principally businesstravellers, corporate and incentive groups and discriminating leisure travellers. Four Seasons urban hotels generally arecentrally located in the commercial and financial districts of the world’s leading cities in North America, Asia and Europe.Four Seasons luxury resorts provide extensive recreational facilities and meeting facilities to attract upscale leisure travellersand groups. The following table sets forth certain information relating to each property managed by Four Seasons:Properties Managed by Four Seasons:Equity Interest ofHotel/Resort and Location Number of Rooms Four SeasonsNorth AmericaFour Seasons Hotel Atlanta, Georgia, USA 246 — (1)Four Seasons Hotel Austin, Texas, USA 292 —Four Seasons Resort Aviara, California, USA 331 7.3% (2)(3)The Regent Beverly Wilshire Hotel (Beverly Hills), California, USA 395 —Four Seasons Biltmore Resort (Santa Barbara), California, USA 234 —Four Seasons Hotel Boston, Massachusetts, USA 288 —Four Seasons Hotel Chicago, Illinois, USA 343 __ (4)The Ritz-Carlton Hotel Chicago, Illinois, USA 430 __ (4)Four Seasons Hotel Houston, Texas, USA 399 —Four Seasons Resort Hualalai (Kona), Hawaii, USA 250 —Four Seasons Resort and Club Las Colinas (Dallas), Texas, USA 357 —Four Seasons Hotel Las Vegas, Nevada, USA 425 —Four Seasons Hotel Los Angeles, California, USA (7) 285 —Four Seasons Resort Maui at Wailea, Hawaii, USA 380 —Four Seasons Hotel Mexico City, Mexico 239 —Four Seasons Resort Nevis, Nevis 196 —Four Seasons Hotel Newport Beach, California, USA 285 —Four Seasons Hotel New York, New York, USA 370 —Four Seasons Resort Palm Beach, Florida, USA 210 —Four Seasons Hotel Philadelphia, Pennsylvania, USA 371 —The Pierre (New York), New York, USA 202 (5) 100% (6)(7)Four Seasons Olympic Hotel (Seattle), Washington, USA 450 3.4% (7)Four Seasons Hotel Toronto, Ontario, Canada 380 — (8)Four Seasons Hotel Vancouver, British Columbia, Canada 385 100% (7)(9)Four Seasons Hotel Washington, District of Columbia, USA 256 —20Four Seasons Hotels Inc.