My previous manager asked me what I wanted to achieve in my career that I hadn’t. I told him that I had a fantasy of having a nightclub but was mindful of the fact that every entertainer I knew who had a nightclub had not been successful, from Bobby Short to Julie Wilson to Chita Rivera. He suggested approaching the Regency Hotel because I had played private events for the Tisch family, which owns it, and liked them a great deal, and they were very receptive to opening a club. Because of their interest we were able to open Feinstein’s. And it’s been 10 years now.
Michael Feinstein Interview in Playbill.com