Since reports of record sales in top properties in London and New York just shy of the $100 million mark, developers have become anything but shy about asking prices above the 9-digit barrier. While the top reported sales are hovering around $90 million, these top properties represent the most expensive hotel-serviced residences on the market in the $100+ million club.
One57 Penthouse: $100+ million
The team behind One57 keep their pricing close to the vest, but New York’s “billionaire’s tower” has reportedly inked at least one sale over the $90 million mark. But not to fear – the developer still has at least one penthouse available for buyers over $100 million. While exclusivity is the name of the game, we are sure that the residence will feature the tower’s signature “long views” of Central Park which sprawls out like a red carpet to the new building designed by Christian de Portzamparc, which also features a new Park Hyatt Hotel in the building’s base.
Penthouse at The Pierre $125 million
The Pierre is unequivocally a New York legend. While several new towers are offering skyscraper living, The Pierre possesses a long heritage and pedigree, having hosted some of the city’s most prestigious guests, residents and social events since opening in 1930. Its top three floors comprise the building’s original ballroom, now transformed into a stunning 16-room penthouse manse that includes what the sales agents refer to as “the most magnificent privately owned room in the world.” In addition, the home features several reception rooms, four private terraces, five master suites, five fireplaces and separate staff quarters. The hotel underwent a comprehensive restoration in 2009 under the management of Taj Hotels & Resorts.
Bulgari London Penthouse $110-160 million
Across the pond in London, the top floors at the new Bulgari Hotel in Knightsbridge offer just two residential penthouses for sale. The new hotel is part of an elite collection of hotels bearing the Bulgari name and managed in conjunction with the Ritz-Carlton team – with others operating in Milan and Bali. Designed by Antonio Citterio & Partners, the hotels have developed a devoted following of modern Italian design. The last penthouse is located on the 7th floor and comprises 9260 square feet with views of Hyde Park. The pricing has been reported in the wide range of $110 and $157 million, although claims of pricing at the lowest end of the range have been for unfinished space.
While the ink may still be wet on some of those $90 million contracts, we eagerly anticipate the first big hotel-branded residence sale in the nine figures!