HotelHomes.com News Recap November 2, 2013

In this week’s hotel homes news: a new listing at Ritz-Carlton Battery Park in New York hits the market, Jumeirah Group has big plans for growth, Timbers Resorts takeover Ritz-Carlton Club Bachelor Gulch and Bangkok’s Mahanakhon Development is making smooth progress.

Read More

Development Spotlight: The Ritz-Carlton Residences, Bangkok

At over 1,030 feet high with 77-stories, MahaNakhon will be Bangkok’s tallest building and an architectural landmark.  Developed in partnership by PACE Development Corporation and Industrial Buildings Corporation and designed by The Office For Metropolitan Architecture, construction on the mixed-use building commenced first quarter 2011, with completion of the hotel and residences anticipated for fourth quarter 2015.

Read More

HotelHomes.com News Recap for August 8, 2013

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!

Read More

Asia-Pacific Region Now Dominates Hotel-Residence Pipeline

Hotel-branded residences – defined as for-sale apartments or villas bearing the brand of a major hotel chain and under its management and available for use at the option of the owner – have been rapidly multiplying across the globe as real estate developers and hotel operators see the value that the luxury residential components add to the development fundamentals.

Increasingly popular throughout the United States and Canada over the past two decades, these types of projects are now gaining momentum all around the world, with nearly 200 properties now operating. For the first time, the pipeline of hotel-branded residence projects under development is now greater in Asia-Pacific than any other world region.

Read More

HotelHomes.com Weekly News Recap for June 6, 2013

CAD$25 million Penthouse at Fairmont Residences Pacific Rim Shatters Vancouver Price Records

http://news.nationalpost.com/2013/06/04/ten-things-you-should-know-about-the-near-record-breaking-25m-condo-sale-in-vancouver/

Over half of Ritz Carlton Residences Bangkok Buyers Call the Middle East Home

http://www.hoteliermiddleeast.com/17376-uae-richest-take-half-of-ritz-carlton-real-estate/

Penthouse at the Residences at the W Tel Aviv-Jaffa Listed for $12.5 milion

http://curbed.com/archives/2013/05/30/exploring-israels-staggeringly-expensive-luxury-real-estate.php

Theory Founder Andrew Rosen Pays Over $3400/square foot for Condo at The Setai South Beach

http://therealdeal.com/miami/blog/2013/05/30/setai-8-6m-condo-sale-sets-record-for-non-penthouse-unit/

Read More

HotelHomes.com Weekly News Recap from May 3, 2013

Savills, Candy & Candy and Deutsche Bank Forecast 26% Rise in Super Luxury Property Sales in 2013
http://www.property-report.com/luxury-property-prices-in-major-financial-hubs-set-to-soar-29378

New York’s Twisted History in Hotel & Residential Zoning Laws
http://observer.com/2013/04/from-the-ansonia-to-the-trump-soho-a-history-of-rule-bending-residential-hotels/

Raffles Opens Hotel, Residences in Makati, Manila
http://www.hotelsmag.com/Industry/News/Details/41548

Banyan Tree Lang Co, Vietnam Opens
http://ehotelier.com/hospitality-news/item.php?id=D25472_0_11_0_M&utm_source=MailingList&utm_medium=email&utm_campaign=2013-05-02%3A+EH+Daily+News

Numerous Celebrities Buying at the Residences at the Ritz-Carlton LA Live
http://online.wsj.com/article/SB10001424127887324874204578438702071171558.html

Behind the Financing of the Residences at the Ritz-Carlton Bangkok
http://www.property-report.com/weekly-market-round-up-3-29310

Developer of Trump Ocean Club Panama Files for Bankruptcy
http://online.wsj.com/article/BT-CO-20130501-708350.html?mod=googlenews_wsj

Lawsuit over Revenue Sharing at Trump International Hotel & Tower Chicago Goes to Trial
http://www.chicagotribune.com/news/local/ct-met-donald-trump-court-20130501,0,2766378.story

Luxury food retailer Dean & Deluca to open at Ritz-Carlton Residences Waikiki Beach
http://www.staradvertiser.com/news/breaking/20130424_Dean__DeLuca_coming_to_Waikiki.html

Luxury Rental Available at the Residences at the Ritz-Carlton Atlanta Buckhead
http://atlanta.curbed.com/tags/ritz-carlton-residences

Conrad and LeMeridien top List of Five Rapidly-Expanding Hotel Brands
http://www.meetings-conventions.com/articles/five-hotel-brands-to-watch/a54314.aspx

International Survey Concludes that Safety and Security Is the Deciding Factor When Booking a Hotel
http://ehotelier.com/hospitality-news/item.php?id=D25472_0_11_0_M&utm_source=MailingList&utm_medium=email&utm_campaign=2013-05-02%3A+EH+Daily+News

HotelHomes.com News Recap from April 25, 2013

HGTV Creating Urban Oasis at Residences at the W Boston
http://bostonherald.com/business/real_estate/2013/04/w_boston_condo_picked_as_hgtv_urban_oasis

Ritz-Carlton Residences Bangkok Target Middle Eastern Buyers
http://www.asiaone.com/News/Latest%2BNews/Plush/Story/A1Story20130422-417597.html

Emaar Unveils Sky Collection Homes at the Address Residence Fountain Views
http://www.tradearabia.com/news/CONS_234526.html

Tour the $32 million Penthouse at the Trump International Hotel & Tower Chicago
http://www.cbsnews.com/video/watch/?id=50145315n

Ritz-Carlton Residences Waikiki Beach Ready to Open For Sales
http://www.bizjournals.com/pacific/news/2013/04/22/pacrep-llc-ready-to-open-showroom-for.html

Viceroy Hotel Top Open in Cape Verde, with Hotel in 2017 and Residences in 2013
http://www.incentivetravel.co.uk/news/hotel/13228-viceroy-hotel-group-announces-brand-expansion-on-santiago-island-in-cape-verde-west-africa

Johnson & Johnson Heiress Lists $4 million Condo at Trump International Hotel & Tower New York
http://observer.com/2013/04/real-estate-dilettante-libet-johnson-lists-trump-international-condo/

New 210-unit Condo-Hotel Project Coming to St. Kitts
http://www.caribjournal.com/2013/04/24/st-kitts-pelican-bay-condominium-hotel-to-break-ground-in-may/

Hotel & Condo Project Approved for Ottawa’s Byward Market
http://www.ottawacitizen.com/travel/Hotel+conversion+approved+Union+Canada+building+ByWard+Market/8288632/story.html

“Making Progress” at Mandarin Oriental Residences in Saadiyat Island, Abu Dhabi
http://www.arabnews.com/news/449203

Bond Restructuring in the cards for Trump Ocean Club Panama
http://www.baystreet.ca/viewarticle.aspx?id=403415

A Look at the Branded Residences Trend in Thailand
http://www.bangkokpost.com/news/investigation/346264/the-evolution-of-branded-residences-in-thailand

Resort Residences Spreading in Thailand
http://www.nationmultimedia.com/business/Out-bound-investments-grow-as-buyers-look-to-resor-30204242.html

The Plaza’s $30k/night Suite Is Among New York’s Most Expensive
http://abcnews.go.com/Travel/expensive-hotel-rooms-nyc/story?id=18996637

Le Meridien To Open in Atlanta
http://www.hotelsmag.com/Industry/News/Details/41457

Four Seasons To Expand Presence in Saudi Arabia with New Hotels
http://www.arabianbusiness.com/prince-alwaleed-s-four-seasons-eyes-new-saudi-hotels-498529.html

The End of the Minibar?
http://ehotelier.com/hospitality-news/item.php?id=D25411_0_11_0_M

Is “Overservice” a Problem?
http://ehotelier.com/hospitality-news/item.php?id=D25412_0_11_0_M

Sofitel Planning Big Expansion in Americas
http://www.hotelsmag.com/Industry/News/Details/41242

HotelHomes.com News Recap from April 18, 2013

Aman to Open Resort with 51 Residences in Portugal
http://uk.mobile.reuters.com/article/idUKBRE93B0QF20130412?irpc=932

Penthouse Sales at Four Seasons Place Kuala Lumpur Expected to Set New Record
http://www.property-report.com/kls-four-seasons-place-penthouses-slated-to-set-record-property-price-29130

$16 million sale at Trump International Hotel & Tower New York
http://cityroom.blogs.nytimes.com/2013/04/12/big-ticket-a-reconfigured-aerie-sold-for-16-25-million/

$6 million sale at the Residences at Mandarin Oriental Boston
http://boston.curbed.com/archives/2013/04/another-6-million-dollar-boston-deal.php

Stoneleigh Dallas to Be Rebranded as Le Meridien
http://www.hotelnewsresource.com/article70659HEI_Hotels_Acquires_Stoneleigh_Hotel_in_Dallas_and_Residence_Inn_Clearwater_Downtown.html

Class-Action Lawsuit Advances at Hard Rock Hotel & Condo San Diego
http://www.utsandiego.com/news/2013/apr/11/hard-rock-hotel-lawsuit-class-action/

Hotel-Condo Projects Coming to Daytona Beach, Florida
http://www.news-journalonline.com/article/20130411/NEWS/304119987/1040?Title=Hotel-condo-projects-offer-reward-and-risk

Variety Reviews LA’s Hotel-Residential Projects
http://variety.com/2013/more/features/montage-beverly-hills-w-hollywood-residences-1200349384/#1/montage-residences-beverly-hills/

Residences at the St. Regis Amman are now 25% Sold
http://gulfnews.com/business/construction/al-maabar-develops-aqaba-amman-morocco-projects-1.1171724

Bangkok’s Branded Residences Attracting Overseas Buyers
http://www.ft.com/cms/s/2/f6c6e5b4-9dfd-11e2-9ccc-00144feabdc0.html#axzz2QbeFKUx1

Mixed-Use Projects Becoming Popular in Emerging Markets
http://www.hotelnewsnow.com/Articles.aspx?ArticleId=10287&par1=GotmKkxc9FwlLMrWPEEXvQ==&par2=p6Ft92q15h3xb2WiDP2I1vM6x8WSYNoQ6gR6E2OTBpoTdOv01lWQCU0AuJPXUdTzsxHu1HZH6mRFtOzHHw8VMg

Meet The Sales Talent Behind The Chedi Andermatt (German)
http://www.nzz.ch/aktuell/schweiz/sara-collins-ist-samih-sawiris-verkaufstalent-1.18064092

Haute Living Reviews the Residences at the Ritz-Carlton LA Live
http://www.hauteliving.com/2013/04/haute-hotel-the-ritz-carlton-residences/351586/

Model Residence at The Ritz-Carlton Residences Bangkok Revealed
http://www.youtube.com/watch?v=08Q1f1PyvMg

Design & Style: Bangkok Sky-Scraped by OMA-designed Ritz Carlton Residences

We at HotelHomes.com were first dazzled when renderings of Bangkok’s tallest building first surfaced five years ago. Now that the 310-meter-high tower is under construction, we are completely in awe.

Designed by the Office for Metropolitan Architecture (OMA) partner Ole Sheeren, the so-called “MahaNakhon” development will soar 72 stories and include 194 Ritz-Carlton branded for-sale residences, a 150- room Edition Hotel and a 10,000-square meter luxury retail complex.

The architecture is most certainly futuristic, and in the words of architecture critic Jimmy Stamp, “the repetitive high-rise appears to be eaten away, as if it was attacked by some sort of architectural predator or modernist virus.” The result is a tower comprised of individually designed “sky box” homes, where living rooms cantilever out of the tower and offer 180-degree panoramic views. These skybox cantilevers also allow for setbacks that provide terraces to residences above, thereby extending the living space outdoors at staggering heights.

The homes do appear uniquely conceived, and the “pixilated” façade creates many unique floor plans. The variety of distinct residence types also include diverse features such as double-height living rooms, hot tubs, plunge pools and maids’ rooms, and range from two- to five-bedrooms.

While there is not a Ritz Carlton hotel on-property, owners will benefit from the legendary service the brand is known for. Staff will include a Director of Residences, full-service 24-hour concierge, 24-hour valet parking as well as doormen and porters. In addition, residents have access to in-home dining and housekeeping, a bar and restaurant at the top of the tower and the Edition Hotel downstairs.

Individual homes range from two-bedrooms in 120 square meters to five-bedrooms in 850 square meters (1290 to 9150 square feet). Projected pricing ranges from US $900,000 to over US $11,000,000 for the penthouse with occupancy expected in 2015.