About Four Seasons Hotel New York
Four Seasons Hotel New York is the flagship hotel in the Four Seasons Hotels and Resorts chain. In the 1980s, William Zeckendorf, a prominent American real estate developer, assembled 25,000 square feet (2,300 m) of vacant property on 57th Street between Madison and Park Avenue. Robert H. Burns, founder of Regent International Hotels, approached Harunori Takahashi, owner of EIE International Corporation company to build a luxurious hotel on the property. When the hotel was announced in January 1989, it was to have a main tower of 46 stories and a smaller tower of some 20 stories, with a total of 400 rooms. Completion was planned for late 1991. Construction was financed by a loan from a consortium of six Japanese banks, led by the Long-Term Credit Bank. The others were the Ashikaga Bank, Mitsubishi Trust and Banking Corporation, Mitsui Trust and Banking Company, Nippon Credit Bank and Sumitomo Trust and Banking Company. The hotel was named Regent New York Hotel and managed by Regent International Hotels of Hong Kong, in which EIE International had a 30 percent interest.