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Four Seasons Hotels and Resorts in Joint Venture with Silverstein Properties and
Dune Real Estate Partners Break Ground on 444-room Resort
at Walt Disney World in Orlando, Florida


LAKE BUENA VISTA, Fla., Dec. 6, 2011
-- Four Seasons Hotels and Resorts kicked off construction of its luxury resort at Walt Disney World Resort today, in a groundbreaking ceremony with joint venture partners Silverstein Properties and Dune Real Estate Partners. The 444-room resort, being built in the enclave of Golden Oak at Walt Disney World Resort, will create about 2,000 construction jobs, and hundreds of resort positions when open.

"Travelers around the world know and trust Four Seasons, and Walt Disney World is the world's premiere family vacation destination," said Meg Crofton, president Walt Disney Parks and Resorts Operations US & France. "Together, our two companies offer a brand-new reason to visit and experience Central Florida."

With an opening anticipated in 2014, Four Seasons Resort Orlando at Walt Disney World Resort will feature several dining venues including a rooftop restaurant with Magic Kingdom views; a 14,000 square foot spa; fitness center; three pools and a "lazy river;" sports and recreational facilities; meeting and event space plus a business center.

Kathleen Taylor, President and CEO of Four Seasons Hotels and Resorts, spoke of the relationship with Disney: "Each of us is dedicated to creating a product of the highest quality and standards, something that will become a landmark here in Orlando, and a destination unto itself for travelers from all over the world. It is truly a one-of-a-kind project and Central Florida will be a valuable addition to our family of resorts, particularly since this is a destination our guests already enjoy."

The development will encompass the existing Tom Fazio-designed Osprey Ridge 18-hole championship golf course, which will be renovated and subsequently managed by Four Seasons. The first Four Seasons in Central Florida is located within the Golden Oak residential community at Walt Disney World Resort.

Larry Silverstein, president and CEO of Silverstein Properties, recalled making the decision to back the project. "At the end of the day, it became apparent that the concept was right; that the team superb; the location first class and the two names – Four Seasons and Disney – as good as you can get," he said.

Contact:

Four Seasons Hotels and Resorts
Sorya I. Gaulin
Director, Corporate Public Relations
+1.416.441.4767, mob: +1.416.301.4012
sorya.gaulin@fourseasons.com



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Also See: Four Seasons Hotels and Resorts Enters Joint Venture with Silverstein Properties and Dune Real Estate Partners for $360 Million Development of a 444-room Resort at Walt Disney World in Orlando, Florida / September 2011

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Cory Carlson Appointed as Director of Sales and Marketing for 156-key Four Seasons Resort Jackson Hole in Wyoming / August 2011

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Four Seasons Hotel Austin Appoints Rob Hagelberg as General Manager and Michael Pedder as Hotel Manager / February 2011

Four Seasons Hotels and Resorts Returns to its Original London, England Location with the Opening of Four Seasons Hotel London at Park Lane / February 2011


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