Ty Warner, the owner of the Four Seasons New York and the founder of Beanie Babies, has reportedly been offered $900 million for the hotel.
Bloomberg News reports that the offer came from an "unidentified" source in Brunei, rumored to be affiliated with the Brunei government.
If Warner sells for this price it will be one of the most expensive hotel deals in New York’s history.
Four Seasons now has a month to match the offer or lose one of its most prestigious properties.
If successful, the Brunei investment firm plans to rebrand the hotel and end the Four Seasons management contract.
Ty Warner Hotels and Resorts also owns the Kona Village Resort, the Montecito Country Club and the Las Ventanas al Paraiso Resort in Los Cabos, Mexico, as well as the Miramar Resort and the Rancho San Marcos golf course.
Warner bought the Four Seasons New York in 1999 for $275 million.
