Four Seasons NYC Hotel said to be hitting the block | crainsnewyork.com

Owner Ty Warner is reportedly in danger of default on the 368-room luxury hotel, where room rates start at $1,000 a night. Even multi-billionaires like Ty Warner are not immune to the latest economic conditions. Mr. Warner, who made his fortune manufacturing Beanie Babies, owns the Four Seasons Hotel New York—but maybe not for much longer.