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y hotels in Asia and Australia, Sharp had created the largest work of luxury hotels in the world. Together Four Seasons and Regent International Hotels owned and operated 45 mediumsized luxury properties and resorts in 19 countries around the world. By 1997, Business Week declared that the pany had never been healthier. Sales and profits were on the rise, and Four Seasons planned to run almost 20 more hotels over the next few years. In 2020, Four Seasons’ first hotel in China –“Shanghai Four Seasons Hotel” was opened and it opened a new hotel in Hangzhou in 2020 and Guangzhou in 2020, and nine more properties in cities including Beijing and Shanghai to bring its hotels in China to 14. Business model Four Seasons does not own most of its properties。s Golden Triangle property in northern Thailand as their favorite in the world for three consecutive years. The pany has been named one of the 100 Best Companies to Work For by Fortune every year since the survey39。s earnings e from management fees, and half from properties it owns directly. Travel Leisure magazine and Zagat Survey rank the hotel chain39。 1 Four Seasons Hotel Background Four Seasons Hotels Inc. is one of the world39。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 89 properties among the top luxury hotels worldwide. Readers of Conde Nast Traveler magazine have voted the p