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Appointments & Promotions

Access Industries Appoints Four Seasons Hotels and Resorts to Manage Legendary Ocean Club on Paradise Island in the Bahamas

TORONTO, CA. November 6, 2017 - Access Industries has appointed Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, to manage the celebrated Ocean Club on Paradise Island in the Bahamas as of November 30, 2017. Upon this change in management, the property will be known as The Ocean Club, A Four Seasons Resort, Bahamas.

Since opening in 1962, The Ocean Club has hosted the world's most discerning guests at its picture-perfect location on a five mile (eight kilometre) stretch of white sand beach along azure waters. In a uniquely secluded setting, extensive, Versailles-inspired lawns and gardens surround a series of low-level buildings housing more than 100 accommodations including several cottages and villas. The Resort offers five restaurants and bars, including DUNE, by Michelin-starred Chef Jean-Georges Vongerichten; and leisure facilities encompassing a tranquil spa, three pools and six tennis courts, with access to the adjacent Tom Weiskopf-designed Ocean Club golf course. Several indoor and outdoor event spaces for up to 250 guests are also on-site.

"Four Seasons shares our vision for a truly personalised luxury experience, with special sensitivity to the unique aspects of historic properties," says Jonah Sonnenborn, Head of Real Estate, Access Industries, which also owns Grand-Hôtel du Cap-Ferrat, A Four Seasons Hotel and other premier hotel properties. "The Ocean Club, like Access' other iconic hotels, offers its guests an unparalleled location and boundless possibility for their experience at the resort. When we acquired it in 2014, we saw a wonderful opportunity to build on its rich legacy while looking ahead to its future. Following the success of our partnership in the south of France, Four Seasons was the natural choice to help elevate The Ocean Club to even greater renown."

"The Ocean Club has long been one of the world's great resorts and will be an extraordinary addition to our global portfolio as we extend our presence in the Caribbean," says J. Allen Smith, President and CEO of Four Seasons Hotels and Resorts. "We are proud to work in partnership with Access to bring luxury travellers a Four Seasons experience in the Bahamas. The genuine warmth of the Bahamian people matches perfectly with the personalised service that only Four Seasons can deliver, creating a truly authentic Caribbean experience unlike anything else on Paradise Island."

Situated just off the Bahamian capital of Nassau, the property began as the private estate of a Swedish industrialist, later acquired by an American businessman and philanthropist who built the original 52 room hotel and golf course in 1962. In 2014, upon acquisition by Access Industries, millions of dollars were invested in room renovations, a new oceanfront pool, and world-class restaurants.

Guests can look forward to a series of enhancements that will introduce a new level of modern luxury while retaining the historic glamour of The Ocean Club as it begins the next chapter in its celebrated history as a Four Seasons resort.

About Access Industries

Access Industries was founded in 1986 by its Chairman, Len Blavatnik, and is a privately held industrial group with long-term holdings worldwide. Access Real Estate's portfolio includes a collection of iconic hotels, and commercial and residential properties in the United States, Europe and South America. In addition to the Ocean Club, Access' hospitality holdings include the renowned Grand-Hôtel du Cap-Ferrat, A Four Seasons, Faena Miami and Faena Buenos Aires, and the Sunset Tower Hotel in West Hollywood. For more information please visit accessindustries.com.

About Four Seasons Hotels and Resorts

Founded in 1960, Four Seasons Hotels and Resorts is dedicated to perfecting the travel experience through continual innovation and the highest standards of hospitality. Currently operating 106 hotels, resorts and residences in major city centres and resort destinations in 44 countries, and with more than 50 projects under planning or development, Four Seasons consistently ranks among the world's best hotels and most prestigious brands in reader polls, traveller reviews and industry awards. For more information and reservations, visit fourseasons.com. For the latest news, visit press.fourseasons.com and follow @FourSeasonsPR on Twitter.

Contact:
Laura Schlecht
lschlecht@hlgrp.com
646-460-8922

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.