New York's Four Seasons Hotel is still closed more than a year after other luxury hotels in the city have reopened Owner, Ty Warner, 78, who founded Beanie Babies making his $3.8 billion fortune is in a dispute with Four Seasons over the payment of franchise feesWarner is obliged to pay fees to the chain whether irregardless of whether the hotel makes a profit City records details how the hotel was not making a profit in 2018 and 2019 Warner owns the 54-story building on 57th Street Billionaire's Row in Manhattan but it appears he's comfortable to wait out the dispute that may drag on for years
See Details: New York's ultra-exclusive Four Seasons hotel which still hasn't reopened post-COVID could stay closed for another FOUR YEARS because Beanie Babies billionaire owner is refusing to pay franchise fees