Luxury residences attached to five-star hotels have long been a hit with condo buyers who liked access to hotel services and amenities. Now, developers are selling luxury hotel-branded condos at above-market rates, even if there’s no accompanying hotel.
Luxury residences attached to five-star hotels have long been a hit with condo buyers who wanted a place to live with access to hotel services and amenities.
Now, developers are finding that they can sell units at above-market rates for a luxury hotel branded-residence, even if there’s no accompanying hotel.of the U.S. Navy into the Four Seasons Hotels & Resorts’ first stand-alone private residences, featuring 37 homes with sales prices starting at 17.5 million pounds, equivalent to $24.3 million.
The project completed construction in London’s Mayfair neighborhood in 2019. Despite an interruption in sales caused by the pandemic, “only a handful” of units remain unsold, said a spokeswoman for the selling agent Knight Frank. Mandarin Oriental is poised to open its first stand-alone branded residences in New York City, Beverly Hills and Barcelona. The U.S. residential units are expected to hit the market in the fall, the company said.
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