The long-shuttered Four Seasons Hotel in New York will finally reopen in September after an epic, four-year battle with reclusive billionaire Beanie Babies tycoon Ty Warner – with the impasse likely broken by converting some rooms into residential units, The Post has learned.
A source with knowledge of the negotiations told The Post that up to 50 of the 368 rooms at the iconic property at 57 E. 57th St. – once known as the most expensive hotel in New York City – will be sold off as apartments.
The new units “would stabilize the operating costs with full-time residents paying hefty maintenance fees,” the source said.
