Four Seasons Continues to Welcome Guests to Four Seasons Resort Aviara

TORONTO, ONTARIO, May 11 (MARKET WIRE) --
Four Seasons Hotels and Resorts continues to manage Four Seasons Resort
Aviara, and the Resort is operating as usual. The Company's commitment to
providing an exceptional guest experience remains unchanged.

Four Seasons is pleased with events today in the Federal Court in San
Diego. The Company sought an order to prevent Broadreach Capital
Partners/Maritz, Wolff & Co. from executing its previously announced plan
to improperly assume management of the Resort. Broadreach Capital
Partners/Maritz, Wolff & Co. today agreed not to take this course of
action.

In 2006, Broadreach Capital Partners/Maritz, Wolff & Co assumed a
long-term management agreement with Four Seasons for a remaining 81-year
term. The agreement provides for arbitration of all disputes between the
parties. Very recently, a dispute arose with regard to the 2009 operating
budget for the Resort and Broadreach Capital Partners/Maritz, Wolff &
Co.'s obligation to provide working capital necessary to fund debt
service. Arbitration has commenced, and Four Seasons will respect and
honor its contractual obligations and the arbitration process.

Four Seasons has managed the Resort since 1997. In that time, the Resort
has garnered numerous awards and accolades, including being named to
Forbes Traveler's list of World's Top 400 Hotels; named as a AAA
Five-Diamond Award for eight years running; listed as one of ZAGAT's Top
50 U.S. Resorts for 2008; and listed on Conde Nast Traveler's "Gold List"
from 1999-2009.

Contacts:
Four Seasons Hotels and Resorts
Elizabeth Pizzinato
416-441-4335
epizzinato@fourseasons.com

Four Seasons Hotels and Resorts
Tony Pistillo
760-603-6848
tony.pistillo@fourseasons.com

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