1997 Annual Report - Four Seasons Hotels and Resorts

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WORLDWIDE LOCATIONSFour Seasons Hotels and Resorts are well located in key business centres and leisure destinations around the world.These hotels and resorts are supported by a fully integrated global sales and reservations system that providesinternational coverage.56545152 3940474131 325355343335 57 4549 4636 29303848423750434458Existing Four Seasons Hotel or ResortFuture Four Seasons Hotel or Resort (under development)A SIA/ PACIFIC8Hong Kong (The Regent)E UROPEM IDDLE EAST1Bali at Jimbaran Bay9Jakarta (The Regent)17Berlin26 24Amman2 Bali at Sayan3 Bangalore4 Bangkok (The Regent)567Chiang Mai (The Regent)at Mae Rim ValleyDoha, QatarGoa, India10111213141516Kuala Lumpur (The Regent)Kuda Huraa, MaldivesSingaporeSingapore (The Regent)Sydney (The Regent)Taipei (Grand Formosa Regent)Tokyo at Chinzan-so181920212223DublinIstanbulLisbon (Ritz)LondonMilanParis25262728Cairoat The First ResidenceCairo at Nile PlazaRiyadhSharm El Sheikh8Four Seasons Hotels Inc.
18212317222019252428162627673548151110912131214NORTH AMERICA29 Atlanta30 Austin31 Aviara32 AviaraResort Club36 Dallas at Las Colinas37 HawaiiHualalai at Historic Ka’upulehu38 Houston39 Las Vegas40 Los Angeles4445464748NevisNew YorkNew YorkThe PierreNewport BeachPalm Beach5253545556Santa BarbaraScottsdaleResort and Resort ClubSeattleTorontoVancouver333435BostonChicagoChicagoThe Ritz-Carlton414243Los Angeles(The Regent Beverly Wilshire)Maui at WaileaMexico City495051PhiladelphiaPunta Mita, MexicoResort and Resort ClubSan Francisco57Washington, D.C.S OUTH AMERICA58Caracas9Four Seasons Hotels Inc.
Page 1 and 2: FOUR SEASONS HOTELS AND RESORTS FOU
Page 3 and 4: FINANCIAL HIGHLIGHTS(In millions of
Page 5 and 6: Growth through selective diversific
Page 7 and 8: FOUR SEASONS MANAGEMENT COMMITTEE R
Page 9: Barbara TalbottSenior Vice Presiden
Page 13 and 14: ANNUAL INFORMATION FORMB U S I N E
Page 15 and 16: Superior Hotel Operating ResultsFou
Page 17 and 18: comparable data is available, was U
Page 19 and 20: I N D U S T R YA W A R D SFour Seas
Page 21 and 22: Properties Managed by Four Seasons
Page 23 and 24: H O T E L M A N A G E M E N T O P E
Page 25 and 26: and its hourly staff varies, based
Page 27 and 28: F I V E-Y E A RR E V I E W(In milli
Page 29 and 30: S U M M A R Y H O T E L O P E R A T
Page 31 and 32: December 31, 1996 to $115 million a
Page 33 and 34: Hotel Ownership OperationsHotel own
Page 35 and 36: Minority Hotel Ownership InterestsA
Page 37 and 38: primarily by the termination during
Page 39 and 40: Income Tax ExpenseThe Corporation
Page 41 and 42: L I Q U I D I T YFour Seasons gener
Page 43 and 44: During 1997, the Corporation invest
Page 45 and 46: conditions of an agreement could re
Page 47 and 48: Investments and AdvancesThe Corpora
Page 49 and 50: investment in The Regent Hong Kong
Page 51 and 52: Edmond M. Creed, Murray B. Koffler
Page 53 and 54: C O R P O R A T EC H A R TThe follo
Page 55 and 56: CONSOLIDATED STATEMENTS OF OPERATIO
Page 57 and 58: CONSOLIDATED STATEMENTS OF CASH PRO
Page 59 and 60: NOTES TO CONSOLIDATED FINANCIAL STA
Page 61 and 62:
The recoverability of the unamortiz
Page 63 and 64:
4. L O N G- T E R M R E C E I V A B
Page 65 and 66:
Current assets (including cash of $
Page 67 and 68:
10. L O N G- T E R M D E B T:1997 1
Page 69 and 70:
UnlimitedUnlimitedUnlimitedThe VMVS
Page 71 and 72:
13. C O M M I T M E N T S A N D C O
Page 73 and 74:
14. F A I R V A L U E O F F I N A N
Page 75 and 76:
which, in turn, are based on assump
Page 77 and 78:
of action that have been taken. The
Page 79 and 80:
CORPORATE DIRECTORYD IRECTORSEdmond
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1997 Annual Report - Four Seasons Hotels and Resorts

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