This week’s news recap is loaded with big new projects, including Long Island, Miami, Daytona Beach, Los Angeles, Nashville, Long Beach and Santa Monica! Plus: new residences for sale at New York’s Time Warner Center and Miami’s One Bal Harbour, and a new broker for the Residences at the Ritz-Carlton Magnificent Mile Chicago!
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!
$7 million Sale of Mandarin Oriental Boston Penthouse
$8 million Sale at Residences at the St. Regis Atlanta
Baseball star buys at the Residences at the Ritz-Carlton LA Live
Fairmont to Open Hotel & Residences in Istanbul in 2016
Meritus to Manage and Brand New “Fun-tasy Island” Development in Riau Islands, Indonesia
Raffles Residences Makati Popular with Chinese Investors
16 Branded Residence Projects Launched in Philippines since 2008
The Leela has plans to add four new hotels and 2 branded residences by 2017
A Visit to City Center Las Vegas’ Aria
W Hotel & Residences Opens in Guangzhou, China
Ottawa Approves New Hotel & Condo Complex
Branded Residences Becoming Popular in India
Monaco’s Odeon Tower Penthouse Expected to Offer World’s Most Expensive Apartment
Ian Schrager May Be Working on New Waterfront Project in New York
IHG Plans new “Even” hotel brand
Marriott & Ian Schrager’s Edition Brand to Debut in India
Since making its debut in January 2013, website visitors to HotelHomes.com have climbed to nearly 12,000 in March, a 15% jump over the previous month. According to website founder Dan August Cordeiro, “We continue to witness growth resulting from our marketing efforts, but are also reaping the rewards of our branding campaign, with steady increases in the number of visitors who know of HotelHomes.com and go directly to our website.”
Visitors come from 180 countries worldwide, and are evenly balanced, with 32% from Asia, 24% from Europe and 19% from the Americas. Top countries include the USA, Russia, India and China, although no one country represents more than 13% of the total.
The most viewed property was the Residences at Mandarin Oriental Bodrum, the new five-star hotel and residences on Turkey’s Mediterranean coast which is scheduled for completion this year. Of the listings linked to from HotelHomes.com, a three-bedroom apartment at the Residences at the Ritz-Carlton Washington was the most viewed, asking $1.849 million and available through the building’s specialist agent, Patrick Chauvin of Washington Fine Properties.
Among the top searched lifestyles on the site, beach and mountain resorts remain on top, joined by marina properties. Four Seasons and Ritz-Carlton continue to occupy the top two most searched hotel brands, along with Aman Resorts. New York and Florida continue to rank in the top three locations, joined this month by the US state of Massachusetts, home to five hotel-branded residential projects in its capital, Boston.
New features were also completed during the month of March. The ability to share news articles directly from the news page helps readers share their favorite articles through social media and by email, while added features for specialist sales agents such as photos and phone numbers help potential buyers connect with local experts. In addition, new “next” and “previous” buttons make it easier to browse the properties throughout the site. “We continue to look for ways to enhance the experience of our visitors,” according to Cordeiro. “This in turn helps fulfill our mission to connect buyers and sellers of hotel-branded real estate.”
Vanity Fair Exposes One Hyde Park’s “Shadowy” Residents
Genting Presents Vision for Mixed-Use Miami Development
JOBS Act Is Hotel-Condo Sales Game-Changer
Floor Plan for $120 million penthouse at New York’s Pierre Uncovered
Price Cut for Ritz-Carlton Towers Boston Penthouse
Ritz Carlton Reserve Molasses Reef Project Back on Track
Residences at Mandarin Oriental Bodrum Popular With Arab Buyers
More Details Released on SLS Hotel-Condo in Miami
Bachelors Buying at Ritz-Carlton Residences LA Live
Tim Marsh Sells Four Seasons Place Boston Condominium
Recapitalization May Lead to Development of Former Shangri-La Hotel & Residences Site in New York
Design Changes in Store for Ritz Carlton Waikiki Hotel-Condo
Sales Spike at Setai Miami Beach
Parking Spaces Getting Expensive at Ritz-Carlton Towers Boston
Race car driver Kurt Busch Selling Westin Virginia Beach Condo
Gansevoort To Open Hotel in Las Vegas
Waldorf-Astoria Opens in Panama
Fairmont Branded Residences to Come to Istanbul in 2016
Four Seasons Residences Planned for Washington, DC Adjacent to Existing Hotel
New $34 million Price Record in Miami at the Residences at the Miami Beach Edition
Whole Foods To Open a Wellness Resort in Texas
$120 Penthouse at the Pierre in New York Coming Up For Sale
Grand Opening of the Palais Hansen Kempinski Vienna
SLS Hotel Condo in Miami Officially Announced
Penthouse at Ritz Carlton Towers Boston Rented for $30,000/month
$5 million Penthouse at Mandarin Oriental Boston Coming To the Market
Three-Bedroom Resale Listed for Sale at the Residences at the Ritz-Carlton Philadelphia
Retail Space at the Ritz Carlton Residences Magnificent Mile Chicago Sold
Amari Residences Phuket Wins Property Award
Chicago Spire Debt Offered for Sale
Parent Company of Rosewood Resorts Plans IPO
John Goldwyn holds the position of Vice President at global architecture firm Wimberly Allison Tong & Goo, or “WATG.” The firm specializes in resort and destination-oriented developments worldwide with numerous mixed-use hotel/residential projects, and John heads up the planning and landscape team in the London office.
Q: The development of hotel-branded residences is a major trend. Why do you think they are so appealing to homeowners?
A: The hotel brands represent an aspirational lifestyle for potential owners, conveying the prestige and amenity-rich nature of the resort. The brands’ expertise also instills confidence in homeowners that the property will be managed properly. They offer a “lock and go” concept which takes the hassle out of holiday home ownership and creates added security.
Q: Which hotel-residential developments have you worked on?
A: I do a great deal of work from Western Europe to Central Asia, with diverse projects including the Residences at Viceroy Bodrum, Turkey, the planning and detailed design of a Missoni Hotel and resort in Southern Turkey; strategic planning for a major new city on the Caspian coast of Russia and a 1,000-hectare mountain destination golf and ski resort in Kazakhstan.
Q: What is the hardest part of designing a mixed-use hotel-residential development?
A: Getting the mix between residential units and hotel keys and amenities. It needs to be operationally efficient and sized to accommodate homeowners and hotel guests without either feeling compromised in any way. The synthesis of good business planning and good physical design is the key to a successful product.
Q: What do you do differently in these properties than those with only hotels or residences?
A: For a successful project, we strive to achieve between the hotel and residences, in part to maximize the operational efficiencies.
Q: What has been your favorite property to work on so far?
A: The Viceroy Istanbul is a fascinating modern spin on a historic building with a landscape-led approach to a hotel. It is expected to open in early 2014.
Q: What are you working on next?
A: Projects range from a new resort city in China to boutique hotels in Turkey and cultural projects in the United Arab Emirates.
Q: Where do you think the mixed-use hotel-residential trend is going?
A: It is all about the urban context with a focus on South East Asia, Russia/CIS and certain hot spots in the Middle East.
Q: When travelling, what is your favorite hotel service/amenity?
A: Other than, obviously, the mini bar, I always try to swim when I can. A great pool is essential.
Q: If you could own a residence at any hotel in the world, which would it be?
A: I love the apartments in the Banyan Tree and the Sukothai Hotel in Bangkok. They are not the newest properties in town but the location – and the city in general – is unbelievable.
The wonders of Turkey’s Aegean Coast are well known for anyone in the yachting set. But new luxury hotel-branded residence developments – such as the Mandarin Oriental Residences Bodrum – are making the land as appealing as the sea.
Once referred to by Homer as the “land of eternal blue,” Bodrum boasts some of the most attractive coastline on the Mediterranean Sea with pristine beaches, rocky cliffs, secluded coves and deep-water ports.
We were thrilled to learn of famed Italian designer Antonio Citterio’s plans for the Mandarin Oriental Residences, Bodrum, which feature the designer’s signature modern style which works perfectly with the seaside backdrop and the five-star touch of Mandarin Oriental.
Encompassing a 60-hectare property, the resort stretches over two kilometers of beachfront and encompasses three different bays. A total of 102 hotel suites will be complimented by 98 villas and 116 residential apartments. Generous in size, proportion and remarkable fittings, each home has a gracious indoor-outdoor floor plan and Aegean Sea views.
The residential apartments include two-, three- and four-bedroom plans ranging from 200 to 396 square meters (2150 to 4260 square feet), and the private villas are designed with four-bedrooms plus staff quarters and private infinity pools with 560 to 760 square meters (6030 to 8180 square feet) of living space.
The resort is located just 45 minutes from the main airport in Bodrum, and will offer an astounding six restaurants offering the finest dining in the region, including al fresco options, a lobby lounge, poolside bar and a signature cake shop. Another highlight on-property will be the expansive 2,400 square meter spa complete with indoor swimming pool and extensive fitness center.
Since launching for sales in 2012 with a spectacular event with a performance by singer Eros Ramazotti, the resort is scheduled for completion later this year. The Mandarin Oriental Residences Bodrum will definitely be worth reprinting nautical maps across the Med.