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.

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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 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!

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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 Weekly News Recap for June 6, 2013

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

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

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

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

Read More Weekly News Recap from May 3, 2013

Savills, Candy & Candy and Deutsche Bank Forecast 26% Rise in Super Luxury Property Sales in 2013

New York’s Twisted History in Hotel & Residential Zoning Laws

Raffles Opens Hotel, Residences in Makati, Manila

Banyan Tree Lang Co, Vietnam Opens

Numerous Celebrities Buying at the Residences at the Ritz-Carlton LA Live

Behind the Financing of the Residences at the Ritz-Carlton Bangkok

Developer of Trump Ocean Club Panama Files for Bankruptcy

Lawsuit over Revenue Sharing at Trump International Hotel & Tower Chicago Goes to Trial,0,2766378.story

Luxury food retailer Dean & Deluca to open at Ritz-Carlton Residences Waikiki Beach

Luxury Rental Available at the Residences at the Ritz-Carlton Atlanta Buckhead

Conrad and LeMeridien top List of Five Rapidly-Expanding Hotel Brands

International Survey Concludes that Safety and Security Is the Deciding Factor When Booking a Hotel News Recap from April 25, 2013

HGTV Creating Urban Oasis at Residences at the W Boston

Ritz-Carlton Residences Bangkok Target Middle Eastern Buyers

Emaar Unveils Sky Collection Homes at the Address Residence Fountain Views

Tour the $32 million Penthouse at the Trump International Hotel & Tower Chicago

Ritz-Carlton Residences Waikiki Beach Ready to Open For Sales

Viceroy Hotel Top Open in Cape Verde, with Hotel in 2017 and Residences in 2013

Johnson & Johnson Heiress Lists $4 million Condo at Trump International Hotel & Tower New York

New 210-unit Condo-Hotel Project Coming to St. Kitts

Hotel & Condo Project Approved for Ottawa’s Byward Market

“Making Progress” at Mandarin Oriental Residences in Saadiyat Island, Abu Dhabi

Bond Restructuring in the cards for Trump Ocean Club Panama

A Look at the Branded Residences Trend in Thailand

Resort Residences Spreading in Thailand

The Plaza’s $30k/night Suite Is Among New York’s Most Expensive

Le Meridien To Open in Atlanta

Four Seasons To Expand Presence in Saudi Arabia with New Hotels

The End of the Minibar?

Is “Overservice” a Problem?

Sofitel Planning Big Expansion in Americas News Recap from April 18, 2013

Aman to Open Resort with 51 Residences in Portugal

Penthouse Sales at Four Seasons Place Kuala Lumpur Expected to Set New Record

$16 million sale at Trump International Hotel & Tower New York

$6 million sale at the Residences at Mandarin Oriental Boston

Stoneleigh Dallas to Be Rebranded as Le Meridien

Class-Action Lawsuit Advances at Hard Rock Hotel & Condo San Diego

Hotel-Condo Projects Coming to Daytona Beach, Florida

Variety Reviews LA’s Hotel-Residential Projects

Residences at the St. Regis Amman are now 25% Sold

Bangkok’s Branded Residences Attracting Overseas Buyers

Mixed-Use Projects Becoming Popular in Emerging Markets

Meet The Sales Talent Behind The Chedi Andermatt (German)

Haute Living Reviews the Residences at the Ritz-Carlton LA Live

Model Residence at The Ritz-Carlton Residences Bangkok Revealed

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

We at 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.