Four Seasons to Open Luxury Orlando Resort at Walt Disney World

In a joint venture with Siverstein Properties and Dune Real Estate Partners, Four Seasons Hotels and Resorts will begin construction in December on its newest Florida property, it announced last week: a $360 million luxury resort at Walt Disney World in Orlando.

"Four Seasons had the unique opportunity to purchase a fantastic site at the Walt Disney World Resort," said Four Seasons President and CEO Kathleen Taylor. "Then, we partnered with Silverstein and Dune, some of the world's most astute players in real estate, to develop the project, which enabled financial commitments to be secured and the project to move forward. We are also delighted to work with The Walt Disney Company, which shares our vision for a family vacation experience unlike any other."

Scheduled to open in 2014, the Four Seasons Resort Orlando will feature 444 guest rooms and approximately 37,750 square feet of meeting and event space, not to mention a rooftop restaurant with views of the Magic Kingdom; a 14,000-square-foot spa with 18 treatment rooms; a fitness center; three swimming pools and a "lazy river" water feature; two recreational centers for children, teens and families; and sports facilities, including tennis courts, a basketball court and a climbing wall.

"Four Seasons continues to seek out innovative partnerships with like-minded individuals and organizations who share our vision," said Scott Woroch, executive vice president, worldwide development, Four Seasons Hotels and Resorts. "Despite the difficult financing environment brought on by the global economic downturn in the last few years, the development concept we created with our partners for this unique site attracted debt and equity sponsorship, and is now moving forward."

Four Seasons is the second luxury hotel brand to open a resort on the grounds of Walt Disney World. In 2009, Hilton Worldwide opened a 498-room Waldorf Astoria hotel in Bonnet Creek, a small area that's in the midst of Disney but not owned by it.