1997 Annual Report - Four Seasons Hotels and Resorts

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ANNUAL INFORMATION FORM(continued)C O R P O R A T EI N F O R M A T I O NA D D I T I O N A LI N F O R M A T I O NFour Seasons shall provide to any person, upon request to the office of the Secretary of Four Seasons Hotels Inc. at1165 Leslie Street, Toronto, Ontario, Canada M3C 2K8 (telephone (416) 449-1750):(a) when the securities of Four Seasons Hotels Inc. are in the course of a distribution pursuant to a short form prospectusor a preliminary short form prospectus has been filed in respect of a distribution of its securities,(i) one copy of this Annual Information Form, together with one copy of any document, or the pertinent pagesof any document, incorporated by reference in this Annual Information Form,(ii) one copy of the comparative financial statements of Four Seasons for its most recently completed financial yeartogether with the accompanying report of the auditors and one copy of any interim financial statements ofFour Seasons subsequent to the financial statements for its most recently completed financial year,(iii) one copy of the Management Information Circular of Four Seasons Hotels Inc. prepared for the most recentAnnual Meeting of Shareholders, and(iv) one copy of any other documents that are incorporated by reference in the preliminary short form prospectusor the short form prospectus and are not required to be provided under (i) to (iii) above; or(b) at any other time, one copy of any of the documents referred to in (a)(i), (ii) and (iii) above, provided that in eithercase Four Seasons may require the payment of a reasonable charge if the request is made by a person who is nota security holder of Four Seasons Hotels Inc.Additional information relating to Four Seasons, including directors’ and officers’ remuneration and indebtedness,interests of insiders in material transactions, principal holders of securities of Four Seasons Hotels Inc. and options topurchase securities is contained in Four Seasons Hotels Inc.’s Management Information Circular prepared for the mostrecent Annual Meeting of Shareholders. Additional financial information, including consolidated comparative auditedfinancial statements for the years ended December 31, 1997 and 1996, is provided in Four Seasons’ 1997 Annual Report.A copy of such documents may be obtained upon request from the Secretary of Four Seasons Hotels Inc. at the addressand telephone number noted above.50Four Seasons Hotels Inc.
C O R P O R A T EC H A R TThe following chart illustrates Four Seasons’ corporate structure, including certain partnerships in which Four Seasons hasa significant interest, either directly or indirectly, and their jurisdictions of incorporation or organization.FOUR SEASONS HOTELS INC.(Ontario Corporation)FOUR SEASONS HOTELS LIMITED(Ontario Corporation) (A)100% (B)RITZ-CARLTON WATER TOWER(Illinois General Partnership)25% (C)(D)FOUR SEASONS HOTELS AND RESORTS B.V.(Netherlands Corporation)(E)100% (B)FOUR SEASONS HOTELS (BARBADOS) LTD.(Barbados Corporation)100% (B)REGENT INTERNATIONAL HOTELS LIMITED(Hong Kong Corporation)(F)100% (C)EURASIA HOTEL LIMITED(Hong Kong Corporation)25% (C)Notes:(A) The management of Four Seasons hotels in North America is generally carried out by Four Seasons Hotels Limited.(B) Direct.(C) Indirect.(D) The Corporation expects to reach an agreement to exchange its 25% ownership interest in exchange for the elimination of certain termination provisions in theapplicable management contract.(E) The management of Four Seasons hotels outside North America is generally carried out by Four Seasons Hotels and Resorts B.V.(F) The management of Regent hotels is generally carried out by Regent International Hotels Limited.51Four 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 and 10: Barbara TalbottSenior Vice Presiden
Page 11 and 12: 18212317222019252428162627673548151
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: Edmond M. Creed, Murray B. Koffler
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

1997 Annual Report - Four Seasons Hotels and Resorts

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