Hotel Online  Special Report


Four Seasons Hotels and Resorts Finalize Cotai Strip Management Deal; 
Also Signs Agreements for Hotels in Barbados, Shanghai and Taipei
LAS VEGAS, Jan. 18, 2006 - Las Vegas Sands Corp. (NYSE: LVS) and Four Seasons Hotels and Resorts (TSX: FSH.SV - News; NYSE: FS) announced today that the two companies have reached an agreement in which Four Seasons Hotel and Resorts will manage a 400-room hotel being built by Las Vegas Sands Corp. on the Cotai Strip in the People's Republic of China Special Administrative Region of Macao. Four Seasons will manage the Hotel and the serviced vacation suites, while Las Vegas Sands Corp. will operate the casino within the Hotel. The parties have entered into an exclusive non-binding Letter of Intent which sets forth all of the material terms of the parties agreements. The parties expect to enter into binding definitive agreements by the end of the second quarter 2006.

Connected to The Venetian Macao, which is currently under construction on the Cotai Strip, Four Seasons Hotel Macao will feature 400 luxurious hotel rooms; up to 600 Four Seasons-serviced vacation suites; distinctive dining experiences; full service spas, each featuring a wide array of amenities; elegant and versatile meeting space and a spacious pool bar and grill. The development will also include an upscale fashion mall integrated into the Grand Canal Shoppes at The Venetian Macao.

"Watching the Cotai Strip take shape with some of the most prominent names in the business is an awe-inspiring experience," said Sheldon G. Adelson, chairman and CEO of Las Vegas Sands Corp. "The caliber of the companies that want to partner with us on this project is extraordinary and we are honored that so many share our vision to create Asia's Las Vegas."

"Macao is fast emerging as an international tourist and convention location," added Kathleen Taylor, president of worldwide business operations, Four Seasons Hotels and Resorts. "With the vision of Las Vegas Sands Corp., the Cotai Strip promises to become an exciting destination, and is a natural fit with our expansion plans in Asia. China and the entire Asia Pacific region represent tremendous opportunities for Four Seasons to bring our distinctive brand of genuine, caring service experience to new places."

In addition to the renowned Four Seasons services and amenities, guests of Four Seasons Hotel Macao will also enjoy unparalleled nightlife. The hotel will feature a lively night club and a variety of chic lounges, all offering exceptional entertainment options. The European style casino will cater to high-end gaming with almost 50 tables and roughly 300 slot machines.

"Four Seasons Hotels and Resorts is a powerful addition to the Cotai Strip development and represents yet another step in building the ultimate travel destination, for business and leisure, in this part of the world," said William P. Weidner, president and chief operating officer of Las Vegas Sands Corp.

Four Seasons Hotels and Resorts has entered into letters of intent for three new development projects in Barbados, Shanghai and Taipei.

Four Seasons Resort Barbados will feature approximately 115 rooms and suites, in addition to approximately 45 residential villas on 32 acres of prime beachfront property. The Resort will include restaurants and bars, a spa and fitness centre, recreational facilities and meeting space. Working with the owner Paradise Beach LLP, Four Seasons will bring a new level of personalized service and luxury to one of the Caribbean's favourite island destinations. The Resort is scheduled to open in 2009.

Four Seasons Hotel Shanghai at Pudong will join the existing Four Seasons Hotel Shanghai, opened in 2002, as the second property in this growing business and leisure destination, and the fourth Four Seasons hotel in China. Located on Century Boulevard, the Hotel will be ideally located for business travellers and as a meeting place for local companies. With 190 rooms and suites and 60 residences, along with restaurants, a spa and meeting space, the Hotel will also be a centre of social life, and a destination for leisure travellers. The Hotel is being developed by Hines and HPL Hotels and Resorts Pte Ltd. Estimated opening date is early 2009.

Four Seasons Hotel Taipei will be located in the Hsin Yi District, where Taipei's newest shopping and office buildings surround the world's tallest building, Taipei 101. The Hotel will offer 275 rooms and suites, and 50 serviced apartments catering to business travellers. The mixed-use development will also include office and retail space. The Hotel is expected to open in 2009.

Statements in this press release which are not historical facts are "forward looking" statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. 

Las Vegas Sands Corp. is a hotel, gaming, resort and exhibition/convention company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino and the Sands Expo and Convention Center, where it hosts exhibitions and conventions, in Las Vegas and the Sands Macao in the People's Republic of China Special Administrative Region of Macao. The company is also developing additional casino hotel resort properties, including The Palazzo Resort Hotel Casino in Las Vegas and The Venetian Macao Casino Resort in Macao. For more information, visit

Dedicated to continuous innovation and the highest standards of hospitality, Four Seasons invented luxury for the modern traveler. From elegant surroundings of the finest quality, to caring, highly personalized 24-hour service, Four Seasons embodies a true home away from home for those who know and appreciate the best. The deeply instilled Four Seasons culture is personified in its employees -- people who share a single focus and are inspired to offer great service. Founded in 1960, Four Seasons has followed a targeted course of expansion, opening hotels in major city centers and desirable resort destinations around the world.


    Four Seasons Hotels and Resorts
    Elizabeth Pizzinato
Director, Corporate Public Relations
    1 (416) 441-4335

Also See: Las Vegas Sands Corp. Contracts with Shangri-La Hotels and Resorts to Manage Two Hotels on the Cotai Strip in Macao; the 500 room Shangri-La Hotel, Macao and the 1,000 room Traders Hotel, Macao / November 2005
First Phase of Macao's COTAI Strip Scheduled to Open in 2007 -- Includes Seven Resort Hotels Comprising of 10,000 Guest Rooms; The $1.8 billion Venetian Macao will Serve as the Anchor / March 2005

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