Four Seasons receives confirmation of shareholder approval of new operator of The Pierre

Four Seasons receives confirmation of shareholder approval of new
operator of The Pierre 


TORONTO, June 10  /PRNewswire-FirstCall/ -- Four Seasons Hotels Inc. (TSX
Symbol "FSH.SV"; NYSE Symbol "FS") has received confirmation that the
shareholders of 795 Fifth Avenue Corporation, the owner of The Pierre, have
approved Taj Hotels Resorts and Palaces as the new operator and lessee of the
Hotel.

As previously disclosed, Four Seasons had been in discussions with the landlord
of The Pierre to explore alternatives through which Four Seasons' leasehold
interest in the hotel could be modified or restructured. Despite these
discussions, the parties were not able to agree on any modification or
restructuring of the lease arrangements. In recent months, the landlord
retained professional advisors to assist with the evaluation of these
alternatives, including the possibility of identifying a replacement lessee and
operator for The Pierre. Taj Hotels Resorts and Palaces was identified through
that process.

While the transition in the lease and management of The Pierre remains subject
to finalization of definitive agreements, Four Seasons anticipates that the
transition in the lease and management of the hotel will become effective at
midnight, June 30, 2005.

This news release contains "forward-looking statements" within the meaning of
applicable securities laws. These statements concern anticipated future events,
results, circumstances, performance or expectations that are not historical
facts. These statements are not guarantees of future events or performance and
are subject to numerous risks and uncertainties that can affect our actual
results and could cause our actual results to differ materially from those
expressed or implied in any forward-looking statement made by us or on our
behalf. All forward-looking statements in this news release are qualified by
these cautionary statements. These statements are made as of the date of this
news release and, except as required by applicable law, we undertake no
obligation to publicly update or revise any forward- looking statement, whether
as a result of new information, future events or otherwise. 

DATASOURCE: Four Seasons Hotels and Resorts



CONTACT: Barbara Henderson, Four Seasons Hotels and Resorts, Vice

President, Corporate Finance, [phone]

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