Commenting on the company�s international expansion, Roger Garland, vice chairman, said, �These new properties represent for Four Seasons a new generation of exceptional destination resorts as well as business hotels in world financial centers. This expansion will increase our international presence by nearly one third and confirms our continuing commitment to operate the top hotel in each market we enter.�

Future Developments in Canada

Four Seasons Resort Whistler, Canada (2002)
Developed by Intrawest Corporation, a leading operator and developer of year-round destination resorts across North America, the new Four Seasons will be located at the base of Blackcomb Mountain within the British Columbia Coastal Mountains. The development is still subject to certain local development approvals. In 1999, the region attracted two million skier days, and offers excellent lift services. Snow-boarding and heli-skiing facilities are also offered. Summer activities include hiking, mountain-biking, white-water rafting and golf. With spectacular views of Blackcomb Mountain to the east and Whistler Mountain to the west as well as Sproat and Rainbow Mountains, the 254-room property will feature ski concierge service, a full spa with health club and outdoor pool, a restaurant/bar, meeting facilities and underground parking.  Guests will enjoy convenient access to numerous championship golf courses, including Whistler Golf Club, Chateau Whistler Golf Club, Big Sky and Nicklaus North.
          
Future Developments in the U.S.

Four Seasons Hotel San Francisco (2001)
Slated to open in 2001, Four Seasons Hotel San Francisco will be part of a major mixed-use development, located on Market Street between Third and Fourth Streets. Rising high above Market Street and the Yerba Buena district, the new Four Seasons property will occupy 11 floors of a 36-story mixed-use development. The Hotel will include 277 spacious and well-appointed guest rooms and suites, a restaurant, lounge/bar, comprehensive business center, and approximately 16,000 square feet of banquet and meeting space. It will be directly connected, with a private entry, to a two-story, 100,000 square-foot sports club. Millennium Partners and WDG Ventures, both based in San Francisco, are the developers of the project.

Four Seasons Hotel Miami (2002)
Located at Brickell Avenue between 14th Terrace and 14th Lane, one block from Biscayne Bay, the 297-room Four Seasons Hotel Miami will be the centerpiece of a proposed mixed-use development in the city of Miami. The plan, which is being developed by Millennium Partners, also will include luxury residences, prime retail and office space, and a major sports club.
          
Future Developments in the Caribbean

Four Seasons Resort Great Exuma at Emerald Bay, The Bahamas (2002) 
Set within a larger, master-planned residential resort community on 470 acres, the 235-room property will be developed by Emerald Bay Resort and Co. and its affiliates. The mixed-use project will feature a Four Seasons branded championship golf course designed by Greg Norman, with accompanying clubhouse, a 60-unit Four Seasons Residence Club, a full-service spa, and multiple dining venues.

Four Seasons Resort Costa Rica (2002)
This resort will be located on the Papagayo Peninsula in the province of Guanacaste is to be developed by Ecodesarrollo Papagayo and associates in conjunction with Four Seasons. With a projected opening date in late 2002, the property will be a part of a larger planned residential resort community encompassing 2,250 acres of the peninsula, including prime Pacific Ocean beachfront climbing to a 320-foot plateau overlooking Virador Bay and Banca Bay. The site is 10 miles from the new Liberia International Airport. The Hotel�s 170 guest rooms and suites and 40 villa units will be designed in one- and two-story buildings forming a landscaped �hillside village� overlooking the ocean. The property will offer two dining venues plus poolside dining, a full-service spa and health club, four tennis courts and a tennis center, fresh-water swimming pools, water sports facilities, a Four Seasons championship golf course by a leading designer plus access to two additional courses, and a 40-unit Four Seasons Residence Club. A marina and possibly a casino are on the drawing board for the master resort project.
          
Future Developments in South America
 

Four Seasons Hotel Caracas, Venezuela (2000) Expected to open in 2000, Four Seasons Hotel Caracas will be part of an exclusive hotel development, which will include 116 luxury residences with full hotel services and a small commercial area. The 205-room Four Seasons Hotel Caracas is located in the fashionable Altamira district, which is adjacent to the city�s leading commercial and residential areas. Guest rooms will offer views of Altamira Plaza and the city�s surroundings. Four Seasons Hotel Caracas will be the company�s first property in South America.

Part of a dynamic mixed-use complex in the  upscale residential district of Altamira, Four Seasons Hotel Caracas rises  twenty-one levels above the city.

Four Seasons Resort Puerto Rico (2003)
Four Seasons has entered into an agreement for the development of Four Seasons Resort Puerto Rico within the larger resort community proposed for the site on the northeast coast of the island known as San Miguel. The Hotel will offer 350 guest rooms and suites, multiple dining venues and 30,000 square feet of meeting space. Recreational areas will include a casino, a tennis center, beach club, and at least one Four Seasons branded championship golf course by a major designer. Future plans include a 100-unit vacation home development and Four Seasons Residence Club.
          
Future Developments in Europe
 

Four Seasons Hotel Dublin, Ireland ( 2000) Situated in the Ballsbridge area, Four Seasons Hotel Dublin will offer a tranquil garden setting within approximately three-and-a-half acres of the historic Royal Dublin Society�s 42-acre show grounds. The Hotel will have 258 guest rooms and suites, as well as a restaurant, lobby lounge, meeting space and a health club. Scheduled to open in 2000, the Hotel will be the first property in Ireland for Four Seasons.

Four Seasons Hotel Dublin is an  elegant Georgian-style sanctuary

Four Seasons Hotel Prague (2001)
The 160-room Four Seasons Hotel Prague will be built in the city�s historic center on the Vltava River bank, close to the Charles Bridge and facing the Hradcany Castle. This will be Four Seasons first hotel in Eastern Europe.

Four Seasons Hotel Gresham Palace Budapest (2002)
Fronting on the Chain Bridge and overlooking the Danube, the new Hotel will provide superb access to the city center and feature panoramic views of Budapest�s most celebrated landmarks (such as Mathias Church, Fisherman�s Bastion, Gellert Hill and Buda Hills).

Built in 1906 by the Gresham Life Assurance Company of London, England for the British aristocracy, Gresham Palace will be reconstructed to retain its original appearance as one of the finest examples of Art Nouveau architecture in Europe. Gresham Palace will be re-created as a luxury hotel with pre-war historical elegance combined with all contemporary facilities, amenities and conveniences for today�s sophisticated travelers. The 155-room Hotel will include an all-day restaurant, brasserie restaurant, lobby lounge and bar, extensive meeting space, business center, and a health club and spa.

Four Seasons Resort Côte d�Azur, France (2002)
Four Seasons first resort in France is expected to open in the spring of 2002, following development by Coréal Management on behalf of Golf Resort �Terre Blanche� S.A.R.L. Tourettes - Château Terre Blanche, a company controlled by Dietmar Hopp (one of the founders of SAP AG) and his sons. The Hotel will be part of a larger mixed-residential and resort community on a 658-acre site near the Provençal village of Fayence, about 15 miles north-east of Cannes. With views of Tourrettes, Fayence and the Haut-Maritime Alps, the 100-room property will have on-site a tennis center and two David Thomas-designed championship golf courses, all to be managed by Four Seasons. The development will also include a 150-unit residential villa complex.
          
Future Developments in Asia

Four Seasons Hotel Shanghai, China (2002)
As Four Seasons Hotels and Resorts first development in Mainland China, Four Seasons Hotel Shanghai is centrally located at the intersection of Weihai Road and Shimen Road, near the core business and shopping center of the city. The Hotel will feature approximately 440 guest rooms, a club lounge, four restaurants, a roof-top entertainment bar and dining room, health and fitness facilities, a business center and extensive meeting space.
          
Future Developments in Africa and the Middle East

Four Seasons Resort Sharm El Sheikh, Egypt (2001)
Located at the southern tip of the Sinai Peninsula in Egypt, Four Seasons Resort Sharm El Sheikh will feature approximately 141 guest rooms, 112 chalets and 34 luxurious villas. The Resort will be integrated into the terraced slopes to recreate the image of an ancient Egyptian hillside town and to optimize Red Sea views. The main building will house the majority of public spaces, including a lobby, two restaurants, meeting rooms and a health club. Other recreational facilities will include a spa and beauty salon, two tennis courts, freshwater swimming pools, a unique �floating� salt-water pool, a water sports and scuba-diving pavilion and a marina.

Four Seasons Hotel Amman, Jordan (2001)
The company�s first hotel in Jordan will be located on one of the highest points of land in Amman, allowing for exceptional views of the city. The 197-room Hotel will be strategically positioned between the prestigious residential area of As Suwayfiyya and the Ash Shumaysani financial district, adjacent to Al Kindi Street and just to the north of Prince Faisal Circle.  Approximately 17 percent of the Hotel�s accommodations will be luxury suites. Other features will include two restaurants, a tea lounge, library bar, business center, extensive banquet and meeting space, large retail complex, and valet and self-parking. Health facilities will include a fully equipped fitness center, massage and spa treatment rooms, racquet sports, indoor and outdoor pool, and separate men�s and women�s sauna, steam room and whirlpool.

Four Seasons Hotel Riyadh, Saudi Arabia (2002)
Slated to open in 2001, Four Seasons Hotel Riyadh will be an important component of the Kingdom Trade Center mixed-used facility located in the El Rahmaniah district. It will be the luxury hotel company�s first property to open in Saudi Arabia. The Kingdom Trade Center is being designed as the most prestigious multi-purpose development in Riyadh, with international luxury quality throughout all aspects of the project. The new Hotel will feature 242 guest rooms (about 20 percent of which will be suites), 22 serviced residential hotel suites, two restaurants, a lobby tea lounge, business center, and substantial social and business meeting space located at the wedding and conference facility. 

The property is owned and being developed by Kingdom Investments Inc, a company controlled by His Royal Highness Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, who is an important investor and strategic partner in Four Seasons.

Four Seasons Hotel Alexandria, Egypt (2004) 
The Hotel will be located within a multi-component project on the site of the former San Stefano Hotel on Shari El Corniche, overlooking the Mediterranean. Talaat Mostafa, the developer, is also responsible for two other Four Seasons properties in Egypt (Four Seasons Resort Sharm El Sheikh and Four Seasons Hotel, Cairo at Nile Plaza). The 120-room Hotel will offer spectacular views of the Mediterranean Sea, three restaurants, a tea lounge, library bar and a café/bistro. A sophisticated business center is planned, plus meeting space and an independent ballroom facility. Recreational facilities will include a health club and outdoor pool. The Hotel will additionally service 120 residential units.

Four Seasons Hotel Beirut, Lebanon (2004)
This hotel is to be developed for a mid-2004 opening by Kingdom-Beirut S.A.L. on one of the
most prestigious sites in the city�s Central Business District, which has recently undergone a
major re-development program with new infrastructure. This area is a prime focus in the city�s
re-positioning as a leading commercial, financial and cultural center of the Middle East. Located
on the Corniche, opposite a new marina and adjacent to a large park now in planning, the Hotel will offer both ocean and mountain views. Historic sites and the Souk shopping district are a short walk away. The mixed-use site will include residences, retail outlets and offices. The Hotel structure is expected to feature a seven-story podium and a 19-story tower housing 287 guest rooms and suites, with a small health club and pool on top. Two restaurants will be complemented by a tea lounge and library bar; a business center and meeting space will open up new options for corporate travelers.

Four Seasons Hotel Cairo at Nile Plaza, Egypt (2002)
Four Seasons second property in Cairo will be a 374-room luxury hotel, forming part of the prestigious Nile Plaza mixed-use facility which is located in the Garden City area, across the Corniche from the Nile River. The Hotel will offer four restaurants, a library bar, a lobby tea lounge, a nightclub, an extensive business center and substantial meeting space. Hotel guests will have access to the membership health club and swimming facilities.

Four Seasons Hotel Cairo at The First Residence opened May 1, 2000 as the company�s first property in the Middle East. Additionally, Four Seasons second vacation ownership development, Four Seasons Resort Club Scottsdale at Troon North, opened its first phase in April 2000. Other hotels poised to enter the market in 2000 include Dublin, Ireland; and Caracas, Venezuela. 1999 marked the opening of properties in Las Vegas, Nevada; Punta Mita, México, with a vacation ownership development opening in 2001; London at Canary Wharf, England; Paris, France; and Scottsdale, Arizona. While most hotels bear the respective names of Four Seasons or Regent, some do not, including The Ritz-Carlton in Chicago and The Pierre in New York. Four Seasons Hotels Inc. is traded on the New York Stock Exchange under the ticker symbol AFS@ and the Toronto Stock Exchange under the ticker symbol AFSH@.  Information on the company can be accessed through the Four Seasons web site at www.fourseasons.com.

Four Seasons Hotels and Resorts is the world�s leading operator of luxury hotels and currently manages 48 properties in 20 countries, primarily under the Four Seasons and Regent brand names.