Florida Developer Rides Four Seasons Wave

February 24, 2015 11:21 PM

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Florida Developer Rides Four Seasons Wave

When real-estate investor Nadim Ashi approached Four Seasons Hotels & Resorts in 2013 about branding his Miami Beach property with the luxury operator, he was told it couldn’t happen because of a deal the company made nearly two decades earlier.

The company had agreed to grant the Canadian owners of the Palm Beach Four Seasons hotel exclusive rights, for 40 years, to any new properties on Florida’s Atlantic coast. Undeterred, Mr. Ashi flew to Montreal and persuaded the owners to sell him the Palm Beach hotel and the Florida rights, opening ...

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