Four Seasons Hotel New York

55 East 57th Street | also 58 East 58th Street, 57 East 57th Street, 53 East 57th Street | Midtown | built 1992

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Written with AI from the source each entry cites, then fact-checked.

  1. 1989

    January

    The Regent New York is announced for a 57th Street site assembled by William Zeckendorf

    Developer William Zeckendorf had put together 25,000 square feet of vacant land on 57th Street between Madison and Park Avenues. Regent International's founder approaches the Japanese owner of EIE International, and in January 1989 the Regent New York is announced with a 46-story main tower and a smaller one, 400 rooms in all. Six Japanese banks, with the Long-Term Credit Bank in the lead, finance construction.

    Source: Wikipedia

  2. 1992

    August

    Four Seasons buys a stake in Regent for $122 million, taking on the unfinished New York hotel

    After the Japanese real estate market collapses in 1990, Four Seasons Hotels buys a 20 percent stake in Regent International in August 1992 for $122 million. The deal includes the Regent New York, still under construction. EIE International retains the other 80 percent.

    Source: Wikipedia

  3. 1993

    June

    The Four Seasons Hotel New York opens as the city's second-tallest hotel

    The 52-story Four Seasons Hotel New York opens in June 1993, rising 682 feet and ranking as the second-tallest hotel in New York City. I. M. Pei and Frank Williams collaborate as the architects, and Pei is responsible for the interiors of the public spaces. Those interiors have an art moderne quality and more in common with the Waldorf Astoria than with Pei's other work.

    Source: Wikipedia

  4. 1996

    August 1

    A Japanese bank sells the Four Seasons, which cost about $1.08 million per room to build

    The Long-Term Credit Bank of Japan, which took over the hotel after its developer EIE International ran into trouble, sells the Four Seasons to investors from Hong Kong and Shanghai led by the Lai Sun Group. The Times reports the hotel cost $400 million to build, or $1.08 million for each of its 370 rooms. Four Seasons Hotels of Toronto keeps a minority interest and continues to operate it.

    Source: The New York Times

  5. 1999

    Ty Warner's group buys the Four Seasons Hotel New York for $275 million

    William Zeckendorf assembles the 57th Street site in the 1980s, and a hotel called the Regent New York is announced there in January 1989 with financing from Japanese banks. The Lai Sun Group buys the finished hotel from the Long-Term Credit Bank of Japan in 1996. In 1999 Lai Sun sells it for $275 million to an investment group headed by Ty Warner.

    Source: Wikipedia

  6. 2022

    August

    Hotel workers file a proposed class action claiming the closed hotel's reopening is being stalled

    With the shuttered hotel's windows covered in paper, a proposed class-action suit filed in August 2022 claims its reopening is being delayed to avoid millions of dollars in unpaid wages and severance. The hotel had targeted a spring 2022 reopening and now says maintenance could run well into the year. Owner Ty Warner and the Four Seasons brand are reportedly in a separate fee dispute.

    Source: therealdeal.com

  7. 2024

    November 15

    The hotel reopens after a closure tied to a dispute over management fees

    The hotel closes on March 20, 2020, because of the COVID-19 pandemic, and later announces extended infrastructure and maintenance work. Reports widely tie the shutdown to a disagreement over management fees between the owner, Ty Warner, and the hotel's operator, Four Seasons. A deal is announced in August 2023, and the hotel reopens on November 15, 2024, with only some of its rooms available at first.

    Source: Wikipedia

Further reading

Nearby

All 178 buildings with stories in Midtown