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In April 2010, after a year-long dispute with Broadreach Capital Partners and Maritz, Wolff & Co., owners of the Aviara resort near San Diego, an arbitration panel ruled that, while both parties contributed to the demise of the business relationship, Four Seasons had not violated its management agreement.
Completed in 1997, the Park Hyatt Aviara was designed in Spanish Colonial architecture and set on a plateau overlooking Batiquitos Lagoon and Wildlife Preserve. The resort was constructed with an 18-hole Arnold Palmer-designed golf course [citation needed] and a 15,000-square-foot (1,400 m 2) spa, which was rated a top resort spa by Zagat in 2001 and Condé Nast Traveler in 2002.
Aviara is a resort neighborhood in the southern part of Carlsbad, located in San Diego County, California. The community is approximately 30 minutes from downtown San Diego. In 1989, the community was developed and later incorporated into the city of Carlsbad. As of 2005, it had a total population of 5,050. [needs update]
Vdara was announced in October 2006, as part of the CityCenter project by MGM. [2] It was designed by Rafael Viñoly. [3] [4] The name "Vdara" is made up.It was coined by Rafael Viñoly Architects, taking its "V" from "Vegas" and "ara" from boutique hotels in California such as Park Hyatt Resort Aviara and Ritz-Carlton Bacara. [5]
In 2000, billionaire Beanie Babies creator Ty Warner purchased the hotel [5] for $150 million, [6] while retaining Four Seasons as the management company. He restored the hotel at a cost of $240 million and brought back the historic 'Biltmore' name soon after, renaming the hotel the Four Seasons Resort The Biltmore Santa Barbara .
The Four Seasons Resort and Club Dallas at Las Colinas was originally developed and owned by USAA Real Estate Company. [5] The golf club opened first, in 1983, while the adjoining Four Seasons Hotel opened in 1986. [6] California-based investment firm BentleyForbes bought the resort from USAA in 2006 [7] [8] for $200 million. [9]