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Jacksonville City Council amends agreement for Four Seasons hotel

Jaguars owner Shad Khan will get a six-month extension for building a planned Four Seasons Hotel and Residences on the downtown riverfront as part of an amended contract that would claw back millions of dollars in future taxpayer incentives if the hotel switched from the Four Seasons to another brand during its first five years in business.

Khan’s development firm, Iguana Investments Florida, must complete construction of a hotel building with at least 170 rooms and a residential building with at least 23 luxury condominiums by June 30, 2026, according to the amended economic development agreement unanimously approved Tuesday by Jacksonville City Council.

Four Seasons Hotels and Resorts has not yet said it will put its globally known, high-end luxury brand on the Jacksonville hotel, but representatives of Khan and his Iguana Investments Florida have repeatedly said it will be a Four Seasons when it opens for guests.

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