HotelHomes.com News Recap for October 26, 2013

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.

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HotelHomes.com News Recap for October 18, 2013

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.

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HotelHomes.com News Recap for September 9, 2013

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!

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HotelHomes.com News Recap for August 27, 2013

This week’s news recap includes Zaha Hadid’s W South Beach home for sale, a hard look at owner termination rights in hotel-branded residences, a water dispute at Australia’s Palazzo Versace, and new designer residences at Montage Deer Valley… plus new projects in the works for Shenzhen, Pattaya, Hollywood, Puerto Rico, and Sarasota!

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HotelHomes.com News Recap for July 12, 2013

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!

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HotelHomes.com Weekly News Recap for June 19, 2013

This week’s news recap includes new Aman villas in Bali, a major bulk sale at Las Vegas’ City Center, interior design competition at the Residences at Mandarin Oriental Atlanta, a new hotel and condo development in Lower Manhattan, and more!

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How Is The Market in… New York?

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?

 

“Strong, sophisticated, selling” – Jeannie Woodbrey, Director of Sales for One57, the so-called “Billionaire’s Tower” atop the new Park Hyatt Hotel

 

“Healthy and steady” – Norma Jean Callahan, Sales Director of Baccarat Hotel & Residences New York for Corcoran Sunshine Marketing Group

 

“Extremely active, little inventory” – Pamela D’Arc, Executive Vice President of Stribling & Associates

“Hot, insane, bubble?” – Sofia Song, Vice President of Research at real estate website StreetEasy

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Layouts We Love: W Residences Hollywood Offers $45 million Celebrity Penthouse

Atop the celebrated W Residences Hollywood, the developers are now marketing for sale one of the largest residences available anywhere in the world, and the most expensive apartment on the market in California. In this week’s “Layouts We Love” column, we take a look inside the 25,000 square feet (2322 square meters, or around half an acre) home with a price tag of US$45 million.

Richard Robertson of Robertson Partners Architects – noted as a Star of Design 2003 and winner of the prestigious French cultural prize “Chevalier de l’Ordre des l’Arts et Lettres” – has proposed a masterful interior floor plan that combines dramatic entertaining spaces with ingenious details and insight into how we live and entertain today. The penthouse can be built out to his specifications, customized for the buyer, or delivered as raw space. Either way, this residence will certainly make a palatial residence for even the City of Angels’ biggest stars.

The gigantic home is entirely on the building’s top floor, the 15th, and the suggested floor plan embodies a level of grace and elegance rare in apartments of this size. Indeed, Robertson felt inspired by the Art Deco buildings of New York architects Rosario Candela and James E. R. Carpenter from the 1920’s. Known for their superb proportions and flow between entertaining rooms (particularly for large parties), these homes have become some of the most desired in New York. Robertson’s plan extracts these key components, updated for today’s modern lifestyles and adapted for indoor-outdoor California living.

Stepping off the elevator into the home, one is led into a large reception hall with statuary niche, measuring nearly 300 square feet (28 square meters). From here, an extensive art gallery with 10-foot ceilings leads to one of the largest ballrooms in any private home in the United States. The expansive entertaining rooms can comfortably host gala events for up to 250 people, and feature a fireplace, full bar with wine storage for around 3500 bottles, and 10-foot walls of floor-to-ceiling glass opening onto setback terraces. The home’s entertaining wing also includes a formal dining room for 20 with its own fireplace, as well as a more intimate morning room. Guests can use either of the men’s and ladies powder rooms, but the remainder of the home can be locked off if the crowd includes rowdy rock stars.

The private residential portion of the home functions perfectly well for a multi-tasking celebrity family, integrating various functions – casual living, home office, fitness, and family life. A double living room is one of the centerpieces of this portion of the penthouse, divided into a family room with a sunny south-facing terrace, and its own trophy room with walls of display cases to showcases your Oscar’s, Grammy’s, Tony’s or Emmy’s – all with a direct view to the Hollywood sign.

As this is Hollywood, the family room leads to a private screening room equipped with sound insulation, professional sound systems, and 3D capabilities. There is also a spacious private fitness center of around 600 square feet (56 square meters), with its own spa, Jacuzzi, massage room and steam room, as well as a beauty parlor for professional hair and makeup. To ink those Hollywood deals, the penthouse’s library sets the tone with its “divine” proportions and centered fireplace. To help deals get made, there is an adjacent pub-style tap room bar, and for the paperwork, a large adjacent office for up to 3 assistants – although some may just dial the concierge for W’s Whatever/Whenever Service.

At 4000 square feet (372 square meters), the master suite is worthy of both the word “master” and “suite.” This ideal series of five rooms includes a separate sitting room, gigantic bedroom with fireplace and cozy bed alcove. The dressing room alone measures over 660 square feet (62 square meters), arranged around a central chest with banquette seating, while the adjacent bathroom is of Roman scale with dual water closets and views toward the Pacific Ocean.

For those buyers with families or live-in staff, three additional bedroom suites are well integrated into the floor plan, along with discreet service areas and at least 20 additional storage closets. For those who love their cars as much as their rooms, the home also comes with 17 valet parking spaces. And naturally, the home features a superb, oversized, professional-grade kitchen, should the residents ever tire of in-room dining or the chic options at the hotel.

The Residences at the W Hollywood are now 60% sold, so should any buyer need more than the 25,000 square foot penthouse, they could always pick up another unit downstairs. This spectacular home is listed with Aaron Kirman of the John Aaroe Group in Beverly Hills along with Ron Barnes of PowerPlay Destination Properties, and can be delivered at the specification of the buyer, although we feel that the Robertson celebrity plan would certainly be our choice.

These Incredible Outdoor Fire Pits Will Bring Out Your Inner Caveman

For around two million years, fire has been bringing mankind out of our caves and into a social setting to warm up, share stories, and enjoy food and drink. Thus, it is no surprise that new hotels and residences are wooing buyers with their dramatic outdoor fire pits that appeal to our inner caveman.

In Colorado, owners at the Residences at the Ritz-Carlton Vail can gather together around its stone-walled fire pit to warm up in the cool mountain air for marshmallow-roasting, sing-alongs, or stargazing. And if the mood is right, residents can hop in the nearby hot tub or retreat to one of the oversized private residences, ranging from two- to five-bedrooms and priced from US$2.34 million.

For beach lovers who have enjoyed the sun all day, the Residences at the W Fort Lauderdale can enjoy cool evenings around its fire pit with spectacular ocean views. Only steps from the white sandy beach and the W’s two distinct pool areas – one with an active scene and the other a tranquil oasis – residents may be inclined in one of the lavish cocktails served to a distinctive DJ. After all, the hotel was rated the #1 trendiest in the US by Trip Advisor. For those cavemen that prefer a sea view, pricing starts at US$975,000.

However, one of the most spectacular outdoor fire pits we can find is located on the après-ski terrace at The Residences at the St. Regis Deer Valley. It features a 40-foot long “garden of fire”, where large boulders radiate warm heat while tired skiers soak up the 180-degree mountain panorama. Given the extensive services such as an attentive ski valet, owners will never worry about forgetting their skis and poles while partying into the night. And with homes up to 3600 square feet available, the after-party may move to your suite.

Whether in a large group sharing tall tales or a couple sharing an intimate moment, the glow of an outdoor fire pit can warm the soul. And despite all the trappings of luxurious modern conveniences, our inner caveman will still enjoy an evening by the fire before retiring to his luxurious five-star cave.

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