|U.S. SECURITIES AND
EXCHANGE COMMISSIONWASHINGTON, D.C. 20549

FORM 40-F


|_|    REGISTRATION
STATEMENT PURSUANT TO SECTION 12 OF THESECURITIES EXCHANGE ACT OF 1934



|X|    ANNUAL REPORT
PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended December
31, 2002.                                          Commission File Number 001-14572


FOUR SEASONS HOTELS INC.(Exact
name of Registrant as specified in its charter)
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| |  | Ontario,
      Canada                                                            |  | 7011                                                                 |  | N/A                                             
| |  | -------------------------------------------------------------------------------- |  | -------------------------------------------------------------------- |  | ------------------------------------------------
| |  | (Province
      or other jurisdiction of
         incorporation or organization) |  | (Primary
      Standard Industrial
      Classification Code Number) |  | (I.R.S.
      Employer
      Identification No.)

|1165 Leslie StreetToronto,
OntarioCanada M3C 2K8(416) 449-1750(Address and telephone number of Registrants
principal executive offices)


FOUR SEASONS HOTELS
U.S. INC.c/o CT Trust Corporation Trust Center1209 Orange StreetWilmington, Delaware 19801(302)
777-0205(Name, address (including zip code) and telephone number(including area
code) of agent for service in the United States)


Securities registered
or to be registered pursuant to Section 12(b) of the Act:
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | Title
      of each class   |  | Name
      of each exchange on which registered               
| | --------------------------- |  | --------------------------------------------------------------
| |                             |  |                                                               
| | Limited
      voting shares |  | New York
      Stock Exchange and Toronto
      Stock Exchange

|Securities registered
or to be registered pursuant to Section 12(g) of the Act:None



Securities for which
there is a reporting obligation pursuant to Section 15(d) of the Act: None


For annual reports,
indicate by check mark the information filed with this Form:



|X| Annual information
form          |X| Audited annual financial statements



Indicate the number of
outstanding shares of each of the issuers classes of capital or common stock as of
the close of the period covered by the annual report:30,893,160 Limited
Voting Shares and 3,982,172 Variable Multiple Voting Shares


Indicate by check mark
whether the Registrant by filing the information contained in this Form is also thereby
furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934 (the Exchange Act). If Yes
is marked, indicate the filing number assigned to the Registrant in connection with such
Rule.


Yes |_|.        No |X|.


Indicate by check mark
whether the Registrant (1) has filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the preceding 12 months (or for such shorter period that
the Registrant was required to file such reports) and (2)
          has been subject to such filing requirements for the past 90 days.


Yes |X|.        No |_|.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|UNDERTAKING AND
CONSENT TO SERVICE OF PROCESS
|---------------------------------------------

|a. | Undertaking
|-- | -----------

|Registrant undertakes to make
available, in person or by telephone, representatives to respond to inquiries made by the
Commission staff, and to furnish promptly, when requested to do so by the Commission
staff, information relating to: the securities registered pursuant to Form 40-F; the
securities in relation to which the obligation to file an annual report on Form 40-F
arises; or transactions in said securities.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|b. | Consent
to Service of Process
|-- | -----------------------------

|The Registrant has previously filed
with the Commission a Form F-X in connection with the Limited Voting Shares.


CONTROLS AND PROCEDURES
|------------------------------------------------------------------------------------------------------------------------------------------

|a. | Evaluation
of Disclosure Controls and Procedures
|-- | ------------------------------------------------

|Based on their evaluation as of a date
within 90 days of the filing date of this report (the Evaluation Date), Four
Seasons Hotels Inc.s Chief Executive Officer and Chief Financial Officer have
concluded that Four Seasons Hotels Inc.s disclosure controls and procedures (as
defined in Rule 13a-14(c) and 15(d)-14(c) under the Securities Exchange Act of 1934, as
amended (the Exchange Act)) are effective to ensure that information required
to be disclosed by Four Seasons Hotels Inc. in reports that it files or submits under the
Exchange Act is recorded, processed, summarized and reported within the time periods
specified in Securities and Exchange Commission rules and forms.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|b. | Changes
in Internal Controls
|-- | ----------------------------

|Since the Evaluation Date there have
been no significant changes in Four Seasons Hotels Inc.s internal controls or in
other factors that could significantly affect these controls subsequent to the date of
their evaluation including any corrective actions with regard to significant deficiencies
and material weaknesses.


SIGNATURE


Pursuant to the requirements of the
Exchange Act, the Registrant certifies that it meets all of the requirements for filing on
Form 40-F and has duly caused this annual report to be signed on its behalf by the
undersigned, thereto duly authorized.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|April 21, 2003 |  | FOUR SEASONS
        HOTELS INC.By:
        /s/ Randolph Weisz 
              
              Randolph WeiszExecutive
        Vice President
              General Counsel & Secretary
|-------------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|
|

|CERTIFICATIONS


I, Isadore Sharp, Chief Executive
Officer, Four Seasons Hotels Inc., certify that:
|---------------------------------------------------------------------------------------------------

|1. | I
have reviewed this annual report on Form 40-F of Four Seasons Hotels Inc.;
|-- | ----------------------------------------------------------------------------

|2. | Based
on my knowledge, this annual report does not contain any untrue statement           of a
material fact or omit to state a material fact necessary to make the           statements
made, in light of the circumstances under which such statements were           made, not
misleading with respect to the period covered by this annual report;
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3. | Based
on my knowledge, the financial statements, and other financial information
          included in this annual report, fairly present in all material respects the
          financial condition, results of operations and cash flows of the registrant as
          of, and for, the periods presented in this annual report;
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4. | The
registrants other certifying officer and I are responsible for
          establishing and maintaining disclosure controls and procedures (as defined in
          Exchange Act Rule 13a-14 and 15d-14) for the registrant and have:
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | a. | designed
such disclosure controls and procedures to ensure that material
                    information relating to the registrant, including its consolidated
subsidiaries,                     is made known to us by others within those entities,
particularly during the                     period in which this annual report is being
prepared;
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b. | evaluated
the effectiveness of the registrants disclosure controls and
                    procedures as of a date within 90 days prior to the filing date of
this annual                     report (the Evaluation Date); and
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | c. | presented
in this annual report our conclusions about the effectiveness of the
                    disclosure controls and procedures based on our evaluation as of the
Evaluation                     Date;
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5. | The
registrants other certifying officer and I have disclosed, based on           our
most recent evaluation, to the registrants auditors and the audit
          committee of registrants board of directors (and persons performing the
          equivalent function):
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | a. | all
significant deficiencies in the design or operation of internal controls
                    which could adversely affect the registrants ability to record,
process,                     summarize and report financial data and have identified for
the                     registrants auditors any material weaknesses in internal
controls; and
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b. | any
fraud, whether or not material, that involves management or other employees
                    who have a significant role in the registrants internal
controls; and
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6. | The
registrants other certifying officer and I have indicated in this           annual
report whether there were significant changes in internal controls or in           other
factors that could significantly affect internal controls subsequent to           the
date of our most recent evaluation, including any corrective actions with
          regard to significant deficiencies and material weaknesses.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Date: April 21, 2003 |  | /s/ Isadore Sharp
      
      Isadore Sharp
      Chief Executive Officer
|-------------------- |  | ----------------------------------------------------------------------------------------

|
|

|I, Douglas L. Ludwig, Chief Financial
Officer, Four Seasons Hotels Inc., certify that:
|--------------------------------------------------------------------------------------

|1. | I
have reviewed this annual report on Form 40-F of Four Seasons Hotels Inc.;
|-- | ----------------------------------------------------------------------------

|2. | Based
on my knowledge, this annual report does not contain any untrue statement           of a
material fact or omit to state a material fact necessary to make the           statements
made, in light of the circumstances under which such statements were           made, not
misleading with respect to the period covered by this annual report;
|-- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|3. | Based
on my knowledge, the financial statements, and other financial information
          included in this annual report, fairly present in all material respects the
          financial condition, results of operations and cash flows of the registrant as
          of, and for, the periods presented in this annual report;
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|4. | The
registrants other certifying officer and I are responsible for
          establishing and maintaining disclosure controls and procedures (as defined in
          Exchange Act Rule 13a-14 and 15d-14) for the registrant and have:
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | a. | designed
such disclosure controls and procedures to ensure that material
                    information relating to the registrant, including its consolidated
subsidiaries,                     is made known to us by others within those entities,
particularly during the                     period in which this annual report is being
prepared;
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b. | evaluated
the effectiveness of the registrants disclosure controls and
                    procedures as of a date within 90 days prior to the filing date of
this annual                     report (the Evaluation Date); and
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | c. | presented
in this annual report our conclusions about the effectiveness of the
                    disclosure controls and procedures based on our evaluation as of the
Evaluation                     Date;
| | -- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|5. | The
registrants other certifying officer and I have disclosed, based on           our
most recent evaluation, to the registrants auditors and the audit
          committee of registrants board of directors (and persons performing the
          equivalent function):
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | a. | all
significant deficiencies in the design or operation of internal controls
                    which could adversely affect the registrants ability to record,
process,                     summarize and report financial data and have identified for
the                     registrants auditors any material weaknesses in internal
controls; and
| | -- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | b. | any
fraud, whether or not material, that involves management or other employees
                    who have a significant role in the registrants internal
controls; and
| | -- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|6. | The
registrants other certifying officer and I have indicated in this           annual
report whether there were significant changes in internal controls or in           other
factors that could significantly affect internal controls subsequent to           the
date of our most recent evaluation, including any corrective actions with
          regard to significant deficiencies and material weaknesses.
|-- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Date: April 21, 2003 |  | /s/ Douglas L. Ludwig
      
      Douglas L. Ludwig
      Chief Financial Officer
|-------------------- |  | ------------------------------------------------------------------------------------------------

|
|

|EXHIBIT INDEX
|-------------

|Number | Document
|------ | --------

|99.1 | Annual
Information Form for the year ended December 31, 2002;
|---- | -------------------------------------------------------------

| | Managements
Discussion and Analysis for the year ended December 31, 2002;
| | --------------------------------------------------------------------------

| | Consolidated
Financial Statements for the year ended December 31, 2002; and
| | ---------------------------------------------------------------------------

| | Reconciliation
to United States GAAP
| | ------------------------------------

|99.2 | Consent
of KPMG LLP
|---- | -------------------

|99.3 | Certificates
pursuant to section 906 of Sarbanes-Oxley Act of 2002 (attached as part of the Form 40-F following the signature page thereto)
|---- | -------------------------------------------------------------------------------------------------------------------------------------------

|
|

|CERTIFICATION


Pursuant to 18 U.S.C. § 1350,
the undersigned officer of Four Seasons Hotels Inc. (Four Seasons), hereby
certifies that the annual report for the period ended December 31, 2002 (the
Report) fully complies with the requirements of Section 13(a) and 15(d), as
applicable, of the Securities Exchange Act of 1934 and that the information contained in
the Report presents fairly, in all material respects, the financial condition and results
of operations of Four Seasons.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Date: April 21, 2003 |  | /s/ Isadore Sharp
      
      Isadore Sharp
      Chief Executive Officer
|-------------------- |  | ----------------------------------------------------------------------------------------

|A signed original of this written
statement required by 18 U.S.C. §1350 has been provided to Four Seasons and will be
retained by Four Seasons and furnished to the Securities and Exchange Commission or its
staff upon request.


CERTIFICATION


Pursuant to 18 U.S.C. § 1350,
the undersigned officer of Four Seasons Hotels Inc. (Four Seasons), hereby
certifies that the annual report for the period ended December 31, 2002 (the
Report) fully complies with the requirements of Section 13(a) and 15(d), as
applicable, of the Securities Exchange Act of 1934 and that the information contained in
the Report presents fairly, in all material respects, the financial condition and results
of operations of Four Seasons.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Date: April 21, 2003 |  | /s/ Douglas L. Ludwig
      
      Douglas L. Ludwig
      Chief Financial Officer
|-------------------- |  | ------------------------------------------------------------------------------------------------

|A signed original of this written
statement required by 18 U.S.C. §1350 has been provided to Four Seasons and will be
retained by Four Seasons and furnished to the Securities and Exchange Commission or its
staff upon request.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------