Four Seasons to open new flagship property in Toronto
Four Seasons Hotels and Resorts celebrates a homecoming of sorts with the opening of a new 259-room flagship hotel in Toronto, Canada, where the company was founded more than 50 years ago. The opening is a significant milestone in a growth strategy that includes expansion in every corner of the world.
“The new Four Seasons Hotel Toronto is a showcase for the next generation of Four Seasons experiences, helping to exemplify where we’re headed in the future,” says President and Chief Executive Officer Katie Taylor. “It gives us all a sense of pride to display the very best of Four Seasons , right here in our hometown.”
The global footprint of Four Seasons spanning five continents and 36 countries is the result of a development strategy with focus on the destinations its guests want and need to travel.
“Our growth strategy is driven by opening the right hotel, in the right destination, which also drives the right economics for the hotel owner,” says Scott Woroch, executive vice president worldwide development. “We’ve never taken a cookie-cutter approach as we strive towards opening our 100th hotel and beyond in the next ten years.”
China is one of the largest areas of focus for the company going forward, representing more than 20 percent of projected openings for the next four years. A new property in Guangzhou opened in July 2012, and additional hotels are slated to open in Beijing and Shanghai Pudong in the coming weeks, as well as a hotel in Shenzhen in the near future.