In this week’s news recap: hotel branded residences among recent top sales in Boston and San Francisco, Ritz-Carlton Waikiki could expand its plan for more residences, plus openings in London, Bangalore, Israel and Charlotte.
There are distinct advantages to living near a cultural hot-spot, including a wealth of things to see, the possibility of great food right around the corner, and being part of an eclectic, creative vibe. Art museums located in major metropolitan centers bring exactly that type of vibe to the neighborhood in which they are located, and some hotel residences around the world have capitalized on their proximity to major art museums and installations, drawing in residents with a keen interest in being surrounded by culture and creativity. In many cases, the hotel residences themselves are works of art, making them even more attractive to potential occupants.
Now in the first few days of October, summer seems decidedly over. It’s time to pack up warm weather wardrobes, and dust off your sweaters, coats and boots. While winter is on its way in the Northern Hemisphere (or has already arrived in places like Park City, Utah), summer is just ramping up in other parts of the world. If you are looking to extend your beach days, consider these resort locations where sunshine and sand are abundant and you can maintain your tan all year long.
This week’s news recap includes new openings from W in Switzerland and Fairmont in Saudi Arabia, new plans for a Ritz-Carlton in Kazakhstan, and a Helmut Jahn condo and hotel project in Lower Manhattan… plus updates from Las Vegas, the Maldives, Boston, and San Francisco!
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!
The wonders of the Moroccan city of Marrakech are well known to generations of travelers from Europe and the Middle East alike. The magical city’s opulent gardens, colorful markets and beautiful desert environment have long attracted the curious, the adventurous and the glamorous. Today, Marrakech is experiencing a construction boom, and becoming one of the world’s top destinations for buyers of luxury hotel residences. While the city’s incredible riads offer the ultimate in private luxury and La Mamounia is as fabulous as ever, these new developments are offering new luxury options in the “Red City.”
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 a look at the Residences at the Ritz Carlton LA Live’s Fendi Penthouse, new projects for Boston, Brooklyn, Montevideo, and Ottawa, and the future of New York’s Helmsley Park Lane Hotel!
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.
This week’s news recap includes new hotel-residential projects such as a W for Australia, a Kimpton for the Cayman Islands, a giant casino project for South Africa – plus, residents are moving in to the EMAAR Residences at the Clocktower in Makkah, Saudi Arabia, and Hurun has published a study about Chinese luxury travel preferences!