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New luxury hotel brand launches out of London. An ambitious plan of glh (Global Hotel Company) hopes to put the squeeze on well-established luxury brands like the Mandarin Oriental, the Ritz-Carlton, and The Four Seasons. The London-based global hotel subsidiary of the Singapore-listed GuocoLeisure Group, announced the launch of a new luxury hotel and private … Read more
An expansive 10.2-acre compound once owned by Dawn Steel, the movie industry’s first female studio chief at Columbia Pictures, has been listed for $34.5 million. The estate offers rare vistas from the Santa Monica Mountains to Beverly Park, Century City, the San Fernando Valley and Catalina Island—a commanding view that stretches from Beverly Hills to … Read more
Trump SoHo New York, the 46-story ultra-luxury hotel condominium, offers a once-in-a-lifetime opportunity to live perched above downtown Manhattan’s epicenter, just steps away from the city’s most fashionable galleries, restaurants, shops, and nightlife. The luxury hotel unveiled its Presidential Penthouse for a listing price of US$50 million. The Presidential Penthouse promises to be Manhattan’s … Read more
Five-Year Trend Shows High Net Worth Population and Wealth Growth in Asia-Pacific Far Outpacing Other Regions. Asia-Pacific is poised to become largest wealth market as early as 2014, finds the Asia-Pacific Wealth Report 2013 (APWR), published byCapgemini and RBC Wealth Management. The population and wealth of Asia-Pacific’s high net worth individuals (HNWIs) increased at … Read more
More young money enters the real estate market. A new survey by Coldwell Banker Previews International and the Luxury Institute finds that Wealthy younger buyers are driving the luxury real estate market, and they are willing to pay more than similar wealthy buyers age 55 and older. According to the survey of Americans age 21 … Read more
In August, Stawood Hotels & Resorts unveiled the largest hotel suite in the United Arab Emirates (St. Regis Saadiyat Island Resort). Two months later, the luxury hospitality group announced the debut of St. Regis Abu Dhabi – the brand’s second hotel in Abu Dhabi boasting the world’s highest suspended hotel suite. The 11,600-square foot (1,078-square … Read more