Four Seasons Hotels and Resorts opens its first mountain resort today at
the base of the Jackson Hole Mountain Resort in Teton Village, just in
time to take advantage of this season`s record-setting, early snowfall and
the best powder conditions in nearly a decade. Surrounded by unspoiled
wilderness, the 124-room retreat, which includes 17 private residences and
40 Residence Club units, benefits from a prime, slope-side location, close
to Teton and Yellowstone National Parks—perfect for exploring the great
outdoors.

“This is an exciting new venture for Four Seasons,” said Wolf Hengst,
president, worldwide hotel operations, Four Seasons Hotels and Resorts.
“We welcome the opportunity to provide our brand of warm and friendly
service in a mountain setting for the first time, creating a new luxury
experience for everyone, from family groups and sports enthusiasts to
corporate travelers and meeting participants.”

Sloped gently into the mountainside, the Resort looks out at the Sleeping
Indian and Rendezvous Mountains, the Snake River basin and the wildflower
meadows of the valley. Each of the 106 guest rooms and 18 suites leads out
to a private balcony or terrace, while the lodge-style interiors are
invitingly cozy, with fireplaces, leather headboards and Native American
rugs. Touches of the American West can also be found in the Resort`s three
restaurants, both in decor and cuisine.

At the foot of the longest continuous vertical of any ski area in the
U.S., Four Seasons Resort Jackson Hole offers ski-in/ski-out access to
lifts and an aerial tram. The Resort`s Ski Concierge—the first of its
kind in the area—will arrange lift tickets, lessons, rentals and
special services, including in-room boot fittings. In the warmer months,
guests can consult the Base Camp Concierge for help with planning and
preparing outdoor adventures that range from hiking to fly fishing.

The Resort offers a full-service spa, complete with Tranquility Lounge,
fully heated outdoor pool and whirlpools, and a fitness centre. Supervised
activities are available for children aged six months to 17 years. The
property`s function and banquet space totals 743 square metres (8,000
square feet); features include fireplaces and an outdoor terrace opening
onto a function lawn.

To experience all that Four Seasons Resort Jackson Hole has to offer, the
Resort is offering a complimentary fifth night, when booking a four-night
stay. This special opening package is valid from January 4, 2004 through
April 4, 2004.

With a history spanning four decades and a portfolio that extends
worldwide, Four Seasons Hotels and Resorts is the world`s leading operator
of luxury hotels, currently managing 60 properties in 28 countries. Four
Seasons Resort Great Exuma at Emerald Bay opened November 24th. The
company continues to grow, with more than 20 projects under construction
or development in choice locations around the world. In the first half of
2004, the company will open new properties in Costa Rica, Budapest,
Provence, Whistler, B.C. and Hampshire, England. Four Seasons has claimed
first position on many prestigious lists. Recent honours include being
named to Fortune magazine`s list of 100 Best Companies to Work For (for
the sixth consecutive year); and garnering more Mobil Five-Star Awards
than any other hotel company. Information on the company and its 42 years
of achievement in the hospitality industry can be accessed through the
Four Seasons Web site at http://www.fourseasons.com/.
——-