[6] After the Japanese real estate market imploded in 1990, Four Seasons Hotels, Inc. purchased a 20 percent stake in Regent International for $122 million in August 1992.
[1] In 1996, the Lai Sun Group purchased the hotel from Long-Term Credit Bank of Japan, which assumed ownership when E.I.E.
[9] In 1999, Lai Sun sold the building to a private investment group headed by Ty Warner for $275 million.
[12] The hotel later closed fully and announced "substantial infrastructure and maintenance work" that was expected to last "well into 2023.
"[13] It was widely reported that the closure was actually the result of a dispute between owner Ty Warner and Four Seasons Hotels and Resorts over management fees.
[14][15][16] In August 2023, it was announced that a deal had been reached between Warner and Four Seasons, and that the hotel would reopen in fall 2024.
[22] In 2006, the Four Seasons New York opened the Michelin star restaurant: L'Atelier de Joël Robuchon.