In hotel homes news this week: new condo hotels planned for Seattle and Shenzhen, two condo hotel residences in NYC with record asking prices, plus new Ritz-Carlton properties in Miami Beach, Tianjin and Pearl Island.
These week’s news recap includes a record-breaking sale at the Ritz Carlton Residences Bangkok, a new record asking price at the Residences at Mandarin Oriental Boston, a new CEO for Four Seasons, Laura Ashley’s new hotel brand, a buyout for Commune Hotels, and new projects for Cartagena, Columbia, Knoxville, Tennessee, and Cairns, Australia!
This week’s news recap includes the partially-built Dellis Cay project up for sale, Brian Gluckstein’s model residences at Four Seasons Private Residences Toronto, and a new brand from Banyan Tree at Laguna Phuket’s next phase!
This week’s news recap includes top hotel residences in New York and Boston, 38 buyer lawsuits at Trump Toronto, hotel sales at the Four Seasons Bengaluru and the Ritz-Carlton San Francisco, a twin in the works for the Ritz-Carlton Waikiki Beach, and a five-star “cave hotel” in China!
Six months since launching, HotelHomes.com is now achieving 20,000 visits per month on its sophisticated luxury platform. The world’s first global database of hotel-branded residences and hotel condominiums now includes over 250 properties affiliated with 59 hotel brands in 42 countries around the world.
“In many of the world’s hotel markets, building a luxury hotel without residences is not financially attractive to developers,” explained HotelHomes.com founder Dan August Cordeiro. “Hotel management companies increasingly realize that lending their brand to luxury residences opens the door to expand their hotel management portfolio, and more and more of them are getting into the sector.”
And just what are potential buyers looking for? Read More
This week’s news recap includes: Nick Candy’s $59 million penthouse at The Plaza, new developments for Santa Monica, Virginia Beach, Bangalore, Chicago and Lanai, buyer insights at the Mandarin Oriental Residences in Bodrum, and the world’s first luxury index of hotel brands!
Perhaps New York City’s best-known hotel, The Plaza has long welcomed prominent guests from around the world, for both short and extended stays. Originally opened in 1907, the hotel was initially designed with a mix of rooms for overnight guests, as well as larger corner suites overlooking Central Park which were reserved by prominent families for extended, several-month periods, including the notorious children’s book character, Eloise. One hundred years and an extensive renovation later, The Plaza Hotel currently offers hotel rooms, private residential condominiums and hotel condominium suites for sale under the same roof.
According to Elizabeth Lorenzo, a Senior Vice President with luxury brokerage firm Stribling & Associates who specializes in selling both property types at The Plaza, many of the buyers are drawn to the property because of its “reputation in the global market,” and because it occupies one of the “world’s most recognized locations, and one of the best in New York City.”
As part of our New York coverage this week, HotelHomes.com surveyed some of Manhattan’s top deal-makers and market commentators about the current environment in the luxury real estate sector – and where to get a good deal today on tomorrow’s hot property.
In 4 Words or Less, How Is the Market?
In its fifth month since launching, luxury property website HotelHomes.com has topped 20,000 visitors per month, a 50% increase over April figures. Founder Dan August Cordeiro attributes this increase to expanded brand awareness and general interest in the topic of luxury property affiliated with the world’s largest hospitality companies. “This industry is itself a trend story,” he said. “The luxury property market is a global one. Thus, the world’s biggest brands add increasing relevance in attracting the attention of high net-worth individuals.”
Four Seasons Private Residences New York Downtown Gets Financing, To Open in 2016
Donald Trump Testifies in “Bait and Switch” Trial Relating to Trump International Hotel & Tower Chicago
9 out of 16 New Mandarin Oriental Hotels in Pipeline Include Residences
SOM Designing Singapore’s Tallest Tower, Complete with Luxury Hotel and Residences
Four Seasons Private Residences Miami Penthouse Sale Sets New Pricing Record Set for Brickell Area
$18 Million Listing Comes on the Market at the Plaza Hotel in New York
Club Med Considering Condo-Hotel Units at Bahamas Resort
London’s Booming Residential Market Spurring Large-Scale Projects
Rumored Ritz-Carlton Residences Miami Beach May Be Designed by Piero Lissoni
Montage Brand Expansion Discussed in Laguna Beach General Manager Interview
Qatar Increasing Fairmont-Raffles Stake
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