Sunday, June 04, 2006
So Cal Ritz-Carlton Sold for $330M
So Cal Ritz-Carlton Sold for $330M
The Ritz Carlton Laguna Nigel on the Southern California coast has just been sold for $330 million, or approximately $840,000 per room. This makes it the second most expensive hotel sale in terns of price per room, only surpassed by the sale of the Hotel del Coronado in San Diego, which had a price tag of $1 million per room.
The 22 year old hotel has 393 rooms, including 38 suites, and was acquired by Strategic Hotels, who is hoping to increase their presence in the luxury hotel market in California. Strategic feels that not only is the beachfront property worth its high price, but that it is sure to increase in value over the next two decades given that space on the coast is both desirable and difficult to obtain. The hotel, prior to the sale, underwent a $40 million renovation that revamped the interior and improved their spa and fitness offerings. Rooms start at $400 a night and ocean-front suites are available for more than $2,000 per night. They also offer a $750 per night Mercedes-Benz package, which includes the use of a car.
The Ritz Carlton Laguna Nigel on the Southern California coast has just been sold for $330 million, or approximately $840,000 per room. This makes it the second most expensive hotel sale in terns of price per room, only surpassed by the sale of the Hotel del Coronado in San Diego, which had a price tag of $1 million per room.The 22 year old hotel has 393 rooms, including 38 suites, and was acquired by Strategic Hotels, who is hoping to increase their presence in the luxury hotel market in California. Strategic feels that not only is the beachfront property worth its high price, but that it is sure to increase in value over the next two decades given that space on the coast is both desirable and difficult to obtain. The hotel, prior to the sale, underwent a $40 million renovation that revamped the interior and improved their spa and fitness offerings. Rooms start at $400 a night and ocean-front suites are available for more than $2,000 per night. They also offer a $750 per night Mercedes-Benz package, which includes the use of a car.
Park Hyatt To Open Posh Buenos Aires Hotel
Park Hyatt To Open Posh Buenos Aires Hotel
Hyatt has restored the Palacio Duhau, a palace in Buenos Aires, Argentina as the site of their newest hotel. The Park Hyatt Buenos Aires will open on June 28, 2006 and sits on the Avenida Alvear in the middle of the city's most fashionable shopping district. The hotel is comprised of the Palacio Duhau which was built in 1934 and the contemporary Posadas building. An underground walkway and gallery with works from international and local artists connects the two buildings The hotel has 165 guestrooms and 38 suites include the 1,722-square-foot Alvear Suite which has a wraparound balcony. The hotel includes elegant open spaces, several restaurants, a wine library full of local Malbecs as well as international choices, cheese room and the wood-paneled Oak Bar in the palace. The 8,000-square-foot spa includes an indoor pool, gym, sauna and five treatment rooms. Rates start at $410 for a Park Deluxe Room.
Hyatt has restored the Palacio Duhau, a palace in Buenos Aires, Argentina as the site of their newest hotel. The Park Hyatt Buenos Aires will open on June 28, 2006 and sits on the Avenida Alvear in the middle of the city's most fashionable shopping district. The hotel is comprised of the Palacio Duhau which was built in 1934 and the contemporary Posadas building. An underground walkway and gallery with works from international and local artists connects the two buildings The hotel has 165 guestrooms and 38 suites include the 1,722-square-foot Alvear Suite which has a wraparound balcony. The hotel includes elegant open spaces, several restaurants, a wine library full of local Malbecs as well as international choices, cheese room and the wood-paneled Oak Bar in the palace. The 8,000-square-foot spa includes an indoor pool, gym, sauna and five treatment rooms. Rates start at $410 for a Park Deluxe Room.Porto Hussong Looks To Make Ensenada Upscale
Porto Hussong Looks To Make Ensenada Upscale
Way back when I was in college, Ensenada, Mexico was a small, cheap town to spend spring break in. Times have changed, Meridian Development Group has announced a new 16-acre oceanfront resort and marina on the edge of Todos Santos Bay. Porto Hussong will have 200 oceanfront condos, a five-star boutique hotels with 46 suites, the "Club Meridian" luxury fractional residence club, boutiques and restaurants and a marina to accommodate yachts up to 200' in length. The complex will also have a fitness center, spa and access to charter sailboats, fishing and yacht services.
Way back when I was in college, Ensenada, Mexico was a small, cheap town to spend spring break in. Times have changed, Meridian Development Group has announced a new 16-acre oceanfront resort and marina on the edge of Todos Santos Bay. Porto Hussong will have 200 oceanfront condos, a five-star boutique hotels with 46 suites, the "Club Meridian" luxury fractional residence club, boutiques and restaurants and a marina to accommodate yachts up to 200' in length. The complex will also have a fitness center, spa and access to charter sailboats, fishing and yacht services.Starwood Hotels Want You To Stay A Long, Long Time
Starwood Hotels Want You To Stay A Long, Long Time
Last year, Starwood Hotels launched "aloft," their new hotel brand. Now they have a new brand, Project ESW. Project ESW will be an extended stay version of the Westin Hotel and will include Westin features like the Heavenly Bed and the Westin Workout rooms. The hotels will be contemporary new builds with studios and one-bedroom suites. The kitchens will have stainless steel appliances and there will be gourmet pantries stocked with food and wine. Common areas include large lobbies, cafe areas, terraces and pools. Starwood plans 150 markets for Project ESW and the first one will open in Lexington, Massachusetts in late 2007.
Last year, Starwood Hotels launched "aloft," their new hotel brand. Now they have a new brand, Project ESW. Project ESW will be an extended stay version of the Westin Hotel and will include Westin features like the Heavenly Bed and the Westin Workout rooms. The hotels will be contemporary new builds with studios and one-bedroom suites. The kitchens will have stainless steel appliances and there will be gourmet pantries stocked with food and wine. Common areas include large lobbies, cafe areas, terraces and pools. Starwood plans 150 markets for Project ESW and the first one will open in Lexington, Massachusetts in late 2007.