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In July 2001, Fairmont Accommodations signed a joint-enterprise with Sheikh Khalifa bin Zayed Al Nahyan for a minority-stake purchase and the administration of a luxurious 393-room lodge in Dubai. The Fairmont Dubai property was the first Fairmont branded lodge in the Center East. In 2001, Fairmont introduced the Willow Stream Spa prototype, a $7 million 2-floor 8,000-sq.-foot spa situated contained in the Fairmont Empress Lodge. 4 Seasons built more inns, together with the 1963 Inn on the Park, a $4 million two-story resort lodge in suburban Toronto that housed Canada's first discothиque. In 2004, Fairmont Lodges & Resorts Inc. paid $70 million to take full control of the administration firm that runs its properties. In the wake of Regent's purchase by IHG Lodges & Resorts in 2018, 4 Seasons announced that it will cease its administration of Regent Singapore, therefore ending the corporate's 26-year-lengthy affiliation with the identify. Four Seasons presently operates greater than one hundred inns and resorts worldwide.