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nd at the highest in the industry. Frequent business is an important element in the segments success. Union activity is of concern 3 with regard to luxury hotel construction and staffing. Unions are dealt with on a local basis. Brand amp。s inception in 1998, ranking 53rd in 2020. Development Canadian businessman Isadore Sharp founded Four Seasons in 1960. While a young architect working for his father, Sharp designed a motel for a family friend that succeeded and inspired him to try creating his own hotel in Toronto. Sharp’s 126room Inn on the Park opened in the spring of 1961. The final cost of the project totaled nearly $ million. In 1972 Sharp approached the Sheraton division of ITT Corporation and proposed a joint Four SeasonsSheraton partnership. The result was the Toronto FourSeasons Sheraton, a 1,450room establishment whose first year of operation was plagued by cost overruns, disagreements with city building inspectors, and a singles event which resulted in a temporary suspension of the hotel39。s leading hotel management panies specializing in luxury and resort properties. The pany manages over 40 hotels and resorts in North America, Europe, Asia, the Middle East, Australia and the Caribbean, with an additional approximately 20 more under construction as of 1998. The pany owns its own hotels, principally under the Four Seasons and Regent names, as well as some others, including the RitzCarlton in Chicago and the Pierre in New York. About half the pany39。s earnings e from management fees, and half from properties it owns directly. Travel Leisure magazine and Zagat Survey rank the hotel chain39。s liquor license. In the 1980’s, Four Seasons returned to its core luxury hotel business and took advantage of the booming economy