Friday, December 19, 2008

Ritz-Carlton Paradise Valley Arizona



Last month, the Ritz-Carlton, Paradise Valley, cleared a major hurdle, as voters approved a ballot referendum allowing the project to go ahead. Construction was to begin last summer, but opposition from a local group, reportedly focused on the density of the development’s residences, delayed its start. Work is now about to begin, and according to the developer, interest from buyers has been high. On 105 acres at the base of Camelback Mountain about 14 miles northeast of downtown Phoenix, the project is to include a 225-room resort and 161 residences. Most of the residences — and the first available for purchase — will be two- to three-bedroom Spanish Colonial Revival-style villas of at least 2,300 square feet. The free-standing villas, for which buyers can choose finishing details, will include terraces and gas fireplaces. Also planned are larger houses, from 4,000 square feet, and one-acre homesites on which buyers can build homes independently or with the help of the developer. As for amenities, there will be the spa, nine swimming pools, a restaurant and private, in-home chef service. A concierge service will help residents book activities like golf at nearby courses, where they will be offered preferential tee times. Adjoining the site, on the other side of the city line in Scottsdale, is an 18-acre project by the same developer that includes plans for a shopping center filled with upscale restaurants and boutiques like Hermès, as well as one of the first Edition hotels, a new brand by Ian Schrager and Marriott.

For More Information Visit: CondominiumHotels.com

Original Article: NY Times

Friday, December 12, 2008

Private residence club can make vacation home abroad a dream come true




Los Angeles resident and admitted Italo-phile Vera Campbell wanted a vacation villa in Tuscany. Not just any old house -- she wanted a place where she could host a dozen friends, sip a little Vino Nobile and savor la dolce vita without worrying about burst pipes or leaky roofs.

"If I had tried to find all of that in a private home, with all of the maintenance costs, it would have been in the millions," Campbell said.

Then, she toured Castello di Casole, a private residence club set on 4,000 acres of rolling hills on the outskirts of Siena. It includes a 17th century castle that is being reinvented as a boutique hotel as well as eight large renovated farmhouses. For $600,000, Campbell bought a one-tenth share of one of the houses and, paying $15,000 in annual dues, is guaranteed at least four weeks a year in her 4,000-square-foot villa and full use of all amenities.

Before she arrives on visits, a phone call ensures that her kitchen is stocked, her hot tub is bubbling at exactly the right temperature and her artwork is hung just so. She faxes the concierge her itinerary with special restaurant and private winery tour requests. Staff members plot out the trip, complete with driving directions and estimated driving times.

"I knew what all the complications and costs could be on buying and maintaining a foreign property that would be sitting empty most of the time," said Campbell, so she considered the residence club a good option.

Among shared vacation home alternatives, private residence clubs like Castello di Casole are a relatively new concept that has grown quickly over the last few years as prices for prime resort real estate have topped out and residence club developers have refined the concept to appeal to upscale buyers.

In a residence club, members purchase a deeded share in a resort residence and, after paying annual dues, can stay for three to 12 weeks a year and use all of its amenities. Most clubs also have space-available provisions that allow members to stay for an unlimited number of days on a last-minute basis without charge.

Since the residences tend to be high-end properties in fabled locations (think slope-side in Aspen, oceanfront in Maui) with top-of-the line services, these clubs can present a more affordable way to vacation like a rock star than owning a second home outright. Some clubs have reciprocal agreements with others that allow members to swap reserved time for time at another location, but what sets residence clubs apart from condo hotels is that owners are not allowed to rent their shares to the general public.

Richard Ragatz, president of Eugene, Ore.-based Ragatz Associates, a consulting firm that specializes in fractional resort real estate, said that part-ownership has a very practical side: "The amount of time you spend on vacation is typically such a small fraction of the time you own a home . . . and people are recognizing that."

Still a fledgling industry, the number of private residence clubs selling shares worldwide jumped from 40 in 2004 to 300 in 2007, according to Ragatz's yearly study of the industry. Although the rate of increase in membership sales slowed over the last year in the down real estate market, the study found that memberships among the 153 clubs selling shares last year amounted to $1.2 billion.

This is in contrast with time shares, but Ragatz said the clubs are more upscale and generally have fewer owners (five to 12 on average versus up to 50).

Members have access to a group of residences, which increases the overall time available and offers a better shot at prime holiday vacations.

Residence club memberships can be resold, with resale rates varying with the local market.

James Chung, president of New York-based Reach Advisors, a market research firm that specializes in resort and real estate information, said that potential buyers should examine a club's resale level before buying.

"But I always advise people not to buy resort property as an investment unless they're really going to use it," Chung said.

Avid golfer Sharon Tso, who owns a one-ninth share at the Residence Club at PGA West in La Quinta, said that she and her husband, Leslie, were attracted by the high-end amenities. As members of the private residence club, she and her husband were able to buy memberships at the Club at PGA West, a six-course golf club that only offers private memberships on a limited basis. And since the residence club is associated with the La Quinta resort, members can use its pool, restaurants and spa.

The club accommodations -- a 3,500-square-foot villa with private splash pool and guest casita -- are much bigger and nicer than a home the pair could have purchased on their own in the same area for their $600,000 vacation home budget. They paid $180,000 for their membership.

"It costs a little more than what we would have spent on a house to maintain," Tso said of the $1,100-a-month fee, "but since there's no work for us, it is worth it."

A full staff attends to their every need.

"The back of our car was scraping along the driveway when we were there once, and after we told them about it, we came back one afternoon to find they had constructed a metal ramp to keep our car from scraping," Tso said. "They bring it out every time we go now."

Unlike destination clubs, in which members choose from a diverse selection of properties, private residence clubs appeal to people who want to return to the same location over and over for the skiing, golf, hiking or wineries. Being entrenched in a location, in turn, enables the clubs to offer unique amenities. Ski resorts can offer season-pass and other frequent-user discounts, while beach and desert clubs can offer exclusive access to local tennis and golf club memberships.

At Palazzo Tornabuoni, a renovated 15th century Medici palace that is due to reopen as a residence club in Florence in the spring of 2009, co-owner and developer Byrne Murphy said members tend to be culture vultures entranced with the region's art, food and wine. Since Murphy's partner, Jacopo Mazzei, is from an old, well-connected Florentine family, club members gain special access to recreational activities and civic functions as well as art collections, gardens and wine cellars rarely seen by the public.

According to Chung, who conducts membership satisfaction reports for residence clubs, the biggest complaint among members generally is that they sometimes don't get as much access as they would like. Although many clubs have space-available provisions, which allow members to stay there on a whim, it's not as easy for some to get there.

"Those who aren't tied to a school vacation schedule, like retirees and empty nesters, tend to make out like bandits, and it can cause some resentment," he said.

To confront this issue, Chung said, some clubs have limited their memberships or geographically dispersed members to lower the potential for members' school vacations to coincide.

Tom Fulton, chief executive of Epiphany Clubs, who developed one of the first private residence clubs in 1993, the Franz Klammer Lodge in Telluride, Colo., said that he has tried to address this issue with the club at Tristant, a recent venture in Telluride. The club guarantees its members 100% availability, and Fulton insures this policy by keeping the number of owners per unit very low (five versus eight to 12) and securing extra local accommodations for members to use during peak times.

"We want people to use the club exactly as they would their own home," Fulton said. So even though members don't always stay in the same unit, they are guaranteed access to one of the units at all times.

Clubs that have fewer members, however, are more expensive. Memberships at Solaris, Fulton's latest venture in Vail, Colo., will start at $1.9 million.

For that price, some potential members might resort to the old-fashioned idea of buying a home of their own.

Article from LA Times - by Jennifer Lisle


Thursday, December 4, 2008

Mondrian in South Beach Opens During Art Basel









Morgans Hotel Group, the groundbreaking innovator that introduced the world to iconic brands such as Delano in Miami Beach, Royalton in New York City and Sanderson in London, unveiled Mondrian in South Beach December 1. Inspired by its LA namesake - known for cutting-edge design and glamorous nightlife personified by the original Skybar - South Beach is the latest in an exclusive collection of cities that welcomes the Mondrian brand. Mondrian also represents the first time the company offers private residences and condo-hotel ownership.

Conceived by Marcel Wanders, Fast Company's 2008 "Masters of Design," as Sleeping Beauty's castle, residents and guests will truly live within a modern fantasy. Wanders inverts traditional design elements to create chic, dramatic living spaces, furnished with original pieces from his design studio, where he produces everything from lighting to flooring, including iconic pieces such as the Knotted Chair. Exteriors offer entry to a magical world, including an oasis of lush gardens with an intimate outdoor pool bar, private cabanas created with curtains of living foliage and even an adult sandbox. While Delano's signature "Water Salon" became an international destination, Mondrian will raise the bar for poolside decadence with Wanders' fantastical designs.

Also envisioned by Wanders, the hotel will feature Morgans' world-renowned agua spa, opening early in 2009. With a mirrored Bisazza-mosaic reception desk that scatters light across the dimly lit room and a manicure area accessed through a hidden door, the spa will debut an exclusive skincare line and several new treatments.

Jeffrey Chodorow also presents the latest Asia de Cuba restaurant, bringing a vibrant, social atmosphere with innovative menus that incorporate the best of Asian and Latin cuisines. Under the culinary direction of Executive Chef Bryan Flyer, diners will indulge in Asia de Cuba's imaginative dishes in portions intended for sharing. The royal communal table, made popular at the first Asia de Cuba at Morgans in New York City, is situated upon a custom carpet and steals the spotlight in this space. Golden bells above the table call out to diners to take their seats and crystal chandeliers set within the bells shower guests with faceted light. Deep cushioned booths line the walls of the room, and the restaurant opens out onto the terrace where patrons can enjoy a cool breeze or escape to one of the private dining gardens and "kissing corners."

Rounding out the complete lifestyle offerings, Morgans unveils its newest hot spot, Sunset Lounge. Conceptualized by nightlife impresario Ben Pundole of Skybar and Bungalow 8 at St Martins Lane, Sunset Lounge offers a nightlife experience with live Latin and Spanish music, a handcrafted specialty cocktail list and sunset views over the downtown Miami skyline. Golden candelabras and onyx jewel-cut stools are playfully dotted between ottomans and new antiques, a striking contrast of the imaginative and the forgotten. Gold leaf wallpaper surrounds the stretch patterned sofa that is set upon a staged, dark herringbone floor.

"We believe Mondrian in South Beach is the most exciting new property the city has seen in decades. With Marcel Wanders' first hotel design in the US and a move onto West Avenue, we're redefining the destination and offering spectacular views of the Miami skyline and Biscayne Bay. Mondrian is so extraordinary and is targeting such a unique customer that it will lead for years as a one-of-a-kind, coveted experience for guests and locals alike," said Fred Kleisner, President & CEO of Morgans Hotel Group.

From developer Keith Menin of Sanctuary Group, Mondrian is located at 1100 West Ave and offers ownership in a waterfront property with private, VIP boat access to Biscayne Bay and breathtaking views of downtown Miami. The property features 335 hotel residences of studios, one-and two-bedroom residences, and four tower suites priced from $500,000 to $6 million. With over 80 percent of the property sold, limited ownership opportunities are still available.

For More Information - Visit CondominiumHotels.com/Miami-Condo-Hotels.html

Friday, November 21, 2008

Ritz-Carlton Northstar Highlands - Lake Tahoe





Many experienced visitors to the Tahoe area prefer the North Shore. This end of the scenic lake is less developed and is actually more accessible to the San Francisco Bay area. A number of new golf clubs have been built in the area and many of its famed resorts have been exciting new options. Northstar-at-Tahoe Resort near Truckee is a prime example.

The Ritz-Carlton Club is set to open its new fractional ownership residences in the Northstar Highlands adjacent to the Ritz-Carlton Highlands Hotel. There will be 78 ski-in-ski-out residences nestled in this mid-mountain location. Members will enjoy the use of all facilities of the neighboring Five Star Ritz-Carlton Highlands.

This includes a luxurious new spa featuring 16 indoor-outdoor treatment spaces, pool and whirlpool. The property will also feature a new gondola service connecting the Highlands to The Village at Northstar below.

The residences will have all the comforts one would expect from Ritz-Carlton, including a fully equipped gourmet kitchen, spacious living room with a gas fireplace and entertainment center, luxuriously appointed master bathrooms with vanities and heated floors, balconies and ski valet. There will be 26 two-bedroom residences 43 three-bedroom residences and nine, four-bedroom residences.

The North Shore at Lake Tahoe has always been more popular with well-heeled visitors. The views are just as spectacular but the crowds are much thinner. The density of housing is lower, especially on the California side of the North Shore. Most of the families from the bay area choose this side for vacation homes. Peace and quiet are necessary for a relaxing vacation within a short drive of the faster-paced casino action. If you like old- time western towns, be sure to take in downtown Truckee where many of the original Gold Rush structures are still in tact.

Golf options

Ritz-Carlton Club Lake Tahoe members have access to great golf though the Tahoe Mountain Club. This golf access includes Old Greenwood, Grays Crossing and Coyote Moon. Old Greenwood is a highly rated Jack Nicklaus signature design. This dramatic layout is carved out of 600 acres of towering pines and features numerous high mountain lakes and streams. Nicklaus designs always feature the best quality in shaping and conditioning. When the course opened in 2005, it received many awards including being rated No. 4 Best New Upscale Public Course by Golf Digest Magazine and No. 10 Best New Public Course by Golf Magazine.

The Golf Club at Gray’s Crossing is another great option. This Peter Jacobson and Jim Hardy creation is one of only two layouts in California to obtain the designation as an Audubon International Gold Signature Sanctuary. Great lengths were taken here to protect the environment framed by towering lodgepole and Jeffrey pines.

Coyote Moon is a fairly new public venue in nearby Truckee, which opened in 2000. This Brad Bell creation is a wonderful layout and highly rated. The course is cut out of a grove of huge pine trees and encompasses 250 acres. The feature shaping is high-end here with excellent conditioning to boot.

The Tahoe Mountain Club also offers a luxury private dining club located right on the North Shore and panoramic views. Wild Goose is a must for those who want to enjoy dinner on the lake no matter what the season.

Not only do you have access to the best here in Lake Tahoe, but The Ritz-Carlton Club, Lake Tahoe at Northstar Ownership allows you to experience other remarkable destinations in Hawaii, Aspen, San Francisco, St. Thomas, South Beach and the Bahamas. Fractional ownership at Ritz-Carlton Club Northstar starts at $215,000.

For More Information Please Visit: PrivateresidenceClubs.com/Lake-Tahoe-Residence-Clubs

Wednesday, November 19, 2008

Northstar Rising - Hyatt Residence Club is opening this December



With private clubs and loyalty rewards, family packages and immaculate grooming, upscale lodging and cutting-edge terrain parks, this little-known Tahoe gem is quietly becoming the Deer Valley of the Far West.

Northstar Lodge - Hyatt Residence Club is opening this December

Ritz-Carlton Highlands is opening next year at Northstar - offering fractional ownership at Ritz-Carlton Club Lake Tahoe and whole ownership at The Residences at The Ritz-Carlton Highlands, Lake Tahoe

“You’re coming to town and you’re going to Northstar?” my Tahoe friends cough in disbelief. To them—all hard-skiing locals—Northstar-at-Tahoe’s steadily surging popularity (No. 3 for skier visits in all of Tahoe) is hard to comprehend. It has no signature steeps, a la Squaw Valley or Kirkwood. It lacks the big, in-your-face views of Heavenly, offering glimpses of Lake Tahoe from only one sliver of its summit. It has none of the rugged topographical drama so signature to the basin. It’s the un-Tahoe, and my friends want no part of it—at least not on skis. “We’ll meet you in Northstar’s village for dinner,” several of them say, “but if you want to ski together, then you’ll have to come to Squaw.”

On the face of it, Tahoe seems easy enough to understand: beautiful lake, sunny skies, biblical deluges of snow. And because this expansive mountain playground is on the California/Nevada border, there is gambling aplenty and all the nighttime sass and kitsch that goes with it. And did we mention the astonishingly lovely lake?

But to people who call Tahoe home, or who weekend there religiously, or who visit annually, this description is mere caricature. The real Tahoe is far richer and quirkier, more individualistic and harder to know. It possesses an intrinsic, hard-to-define quality that makes it much more than the sum of its parts. It hooks skiers and doesn’t let them go. At each of its signature mountains—Squaw, Heavenly, Kirkwood, Sugar Bowl, Alpine Meadows, Homewood and Mt. Rose—Tahoe’s skiing touches the soul.

And then there’s Northstar.

So why am I here today, rocketing down long, broad boulevards at the heels of longtime Tahoe locals Tom and Carla Beebe? And why is this well-groomed cruiser’s paradise Tahoe’s third most popular resort? And why is the steel frame of a giant Ritz-Carlton— what will be, in fall of 2009, the only full-service hotel of its caliber anywhere in California skidom—rising right here on the slopes of a resort that many people outside Northern California have never heard of? Here, at a mountain with terrain that many locals deride and—perhaps most astounding—in a location without views of Lake Tahoe itself?

The answers, I soon discover, have as much to do with Northstar itself as they do with its surroundings—the wonderful, strange, rewarding creature called Tahoe.

Northstar itself—a thickly forested cinder cone turned tree farm turned master-planned ski and summer resort—is roomy and flawless, as current in its amenities as any mountain resort you’ll find, and intently devoted to the cheerful delivery of innovative, accommodating service. What that means on this particular Saturday morning is that management has opened the 2,904-acre mountain early for members of its various locker rooms and private clubs. Tom and Carla, members of the “Platinum Locker Room,” meet me in Northstar’s newly rebuilt village (formerly something out of the ’70s, now an appealing updated take on Beaver Creek) and we head up the gondola for a tour.

Northstar is located near Lake Tahoe’s north shore, halfway between the historic town of Truckee, Calif., and the lakefront town of Kings Beach (about 10 minutes by car from each). Offering views primarily of a scenic alpine basin called the Martis Valley, the resort is situated entirely below tree line, well-protected from the winds that often hammer the rest of the Sierra crest. When it’s snowing and blowing, Northstar’s long boulevards are the north shore’s best place to ski. Otherwise, it has long been considered “a family place.”

“Northstar? I’m not sure I’m gonna like it,” Carla recalls thinking five years ago when Tom suggested they try a season here. Her reaction is common among hardcore Tahoe locals, who cheerfully frequent Northstar’s restaurants and free open-air ice rink but have long disdained its slopes, often without firsthand experience. But the Beebes decided to take a chance—and now they’re hooked.

They start their ski days in a convenient free satellite parking lot at the foot of Northstar Drive, where they have yet to wait more than two minutes from the time they lock their car to the time they step onto the complimentary shuttle. The bus drives 1.3 miles uphill, past roads accessing the 35-year-old development’s original rec center, fire hall, 300 homes and 1,150 condos. The Beebes step out onto the curb of the new village, which was grafted to the original village in an inviting semicircle of terraced levels. The distance from the bus stop to the Platinum Locker Room is only steps. There, a concierge serves morning espresso (with continental breakfast) and afternoon wine (with appetizers). Daily ski tuning is included in membership, and the enormous lockers with equipment dryers would make any pro athlete envious.

Despite appreciating this level of service, Carla and Tom Beebe are hardly Mel and Don Trump. The two (he’s a woodworker; she’s his business manager) are fit, down-to-earth ski and cycling fanatics. They work hard but organize their days around mountain sports. They say a warm hello to everyone they know—and they seem to know most everyone they see. Residents of nearby Truckee, they have spent more than 30 winters with local season passes dangling around their necks—including 20 years as devoted pass holders at the regional king of cool, Squaw Valley USA. In other words, they may be circling 50, but these two can ski. And today, with the mountain not yet open to the public, there’s little need to hold back.

The morning sunlight is bright and glancing, rendering everything crystal sharp. The air atop Mt. Pluto—some 2,500 feet above the Village—is shockingly cold. I follow Tom and Carla down broad, pine-flanked ribbons of perfect corduroy at thrilling, unfettered speeds. Logger’s Loops unfurls beneath us, rolling and banked. Then Iron Horse, a wide, wavy avenue nearly a mile long. Next is Lookout Mountain’s Prosser, which rides like a high-tech roller coaster, buttery smooth as it drops its passengers into weightlessness then bends them with G-forces. Then the Promised Land, where powder day magic happens amidst big trees. Everywhere we go the well-groomed mountain feels more like a place I know intimately than one I rarely ski, as though my skis are engineered to sync intuitively with each pitch and roll, and all I have to do is ride the flow and unlock the speed. We ski nonstop run after nonstop run like this, hopping on high-speed lifts to zoom back up to the top. I’d be lying if I said it was a deeply soulful experience, but it is pure fun.

“I’m not looking for absolute excitement here,” Tom says, acknowledging that Northstar is not one of Tahoe’s spine-tingling mountains full of stirring landscapes and expert thrills. “I’m just looking for good, quality skiing.” And in a region filled with great skiers who churn up snow as soon as it falls, Tom says he’s also on the hunt for more powder skiing with less of a crowd—which he and Carla have found in abundance in Northstar’s off-piste woods. “The powder skiing here is fabulous,” Carla says. Tom just smiles and nods. It’s only when they show me where they go on powder days, slipping through hidden openings into roomy glades, that I begin to get a sense of Northstar’s secreted slice of Tahoe soul.

In 1972, when Northstar-at-Tahoe first opened to the public, its then-tiny ski area was an amenity of its master-planned community, rather than its centerpiece. In those days, the idea of a self-contained recreational community de-emphasizing the car was cutting-edge. Northstar won awards for its visionary design, which was emulated at other recreational real estate developments of the era. The community—designed from the beginning to be a community, to foster connections among its users and to provide them with quality shared time—also featured a golf course, single-family homes and condos nestled amidst pines, a free bus system and a compact village center with a couple of restaurants and shops. The rest of the Tahoe basin offered plenty of jaw-dropping vistas and Wild West flavor; Northstar was about having a good life in a convenient, inclusive, low-stress environment.

Back then, Northstar’s ski terrain consisted only of a shallow basin on the very front side of the mountain, while Squaw was essentially the same dramatic size it is today. “We had to be innovative to be competitive,” says Julie Maurer, who started at Northstar as a part-time courtesy guide and public relations assistant in 1982, when it was owned by Louisiana Pacific, and is still on board today as the VP of marketing for its current parent company, Booth Creek. “Customer service and quality have always been paramount, across the board, no matter what it is we’re delivering.”

As a result, the Northstar of today features cushioned rattan conversation nooks throughout its village and carefully leveled steps up to the lifts, while adjacent resorts offer scuffed plastic chairs and slippery slopes. Food on Northstar’s roomy mountaintop sundecks includes rotisserie turkey legs and smoked ham steaks so large that a $12 plateful of either could easily feed two. Lessons for capable skiers and boarders (Level 6 and above) are free. The Mommy, Daddy and Me program shows parents how to have a pleasant experience getting their wee ones on skis—also for free. Litter is baited with $75 resort cash cards to encourage employees to pick it up. Ski racks at busy lunch spots are marked with names of states, making it easier to find gear after a leisurely sun-baked break over heaping plates of freshly made Mexican fare and midday beers. There are signs at the bottom of lifts reading “No smoking or swearing,” but there’s also a cool cabin in the woods where the jib-set is encouraged hang out.

And the ways Northstar strives and innovates in the realm of customer service doesn’t stop there. For destination visitors, Northstar delivers plush new slopeside condos that are notably large, bucking the nationwide trend of cramping visitors so that they get out of their rooms and spend. For teens and jib junkies, an entire section of the mountain has been turned into the West’s most progressive array of terrain parks, under the savvy leadership of Chris Gunnarson and Snow Park Technologies, designers of the pipes and jumps at the Winter X Games. For brown-baggers, picnic tables and Adirondack chairs are placed at the mountain’s scenic spots. For the up-market, there are discreet private clubs at summit and base. And do you recall how I felt as though my skis were somehow engineered to respond to Northstar’s slopes? It turns out the reverse is true—Northstar’s slopes have been tenderly resculpted to maximize the experience of today’s skis.

Northstar’s milieu is another story altogether. Some 13 million people live within a four-hour drive of Tahoe’s 15 ski areas. It’s a big market, and one that has long been underserved by Tahoe’s offerings in two key areas: great resort hotels and top-notch service.

Many of Tahoe’s resorts are old-style day areas operating on Forest Service lands, possessing little or no real estate to develop. For places like Alpine Meadows, which is about the same size as Northstar but skis more like Alta, Utah, this has meant none of the robust revenue stream that other North American resorts have relied on to fund face-lifts. And there’s been little incentive: With such a captive audience, one resort executive explains, many in the Tahoe ski and travel industry have remained complacent and let the lake do all the work.

Notwithstanding the recent improvements to Heavenly, Squaw and Kirkwood, the overall Tahoe mountain experience remains fragmented and, in many cases, woefully out of date. Its great skiing and superb dining aren’t easy to link together. The best restaurants are in Truckee and South Lake, with a smattering of others around the lake basin. The only full-service hotel that isn’t also somehow strange to visit is in Incline. The most exciting ski terrain is at Squaw, but Alpine, Sugar Bowl, Mt. Rose and Kirkwood also deliver thrills. The best lake views are at Homewood, Heavenly and Diamond Peak. The liveliest shopping is in Truckee. The grooviest gambling is at Crystal Bay. The best nightlife—the only nightlife, really—is on the South Shore. You get the picture.

But one central place that can consistently deliver a great ski getaway, superb service and an on-the-money lunch, all in one? That’s where Northstar and the Ritz-Carlton come in.

Unlike Tahoe’s other big resorts, Northstar is built on a huge swath of private land—some 8,000 acres. It’s not the most breathtaking site in the Sierra, but it is lovely. Skiing occupies 2,904 of those acres (including 414 newly opened acres this season), with another 490 to be added in the near future. Northstar’s approved master plan, in place since the ’70s, has always called for more than 3,200 lodging units (currently there are 1,697, of which 247 are new). In other words, Northstar has the land and the permits to build another 1,503 homes, condos and hotel rooms.

When this plan was rediscovered by owner Booth Creek, it was like found treasure—particularly since most of the remaining developable real estate is located in a prime slopeside location, uphill from the village in an area now called the Highlands.

In conjunction with savvy developers East West Partners, Northstar earmarked the very best Highlands site for the amenity all of Tahoe lacks the most: a luxurious, world-class ski-in/ski-out hotel. The partnership with Ritz-Carlton should be a perfect fit. When the six-story, 405,000-square-foot Ritz-Carlton Highlands, Lake Tahoe, opens in 2009, guests will enter via a grand, three-story circular staircase that will wind past multi-level fireplaces; they’ll have their choice of 170 full-service hotel rooms ranging in size from 500 to 1,500 square feet. (The even more discriminating can select from 23 private residences serviced by a private entrance.) The castle on the hill will have no lake view, but it will have everything else.

Downhill from the new Ritz construction site, the Village at Northstar is bustling. Kids are careening around the ice rink screeching happily while parents socialize over drinks in the rink-side cabanas. A local bluegrass band plays on a nearby stage. My friends from Squaw who demurred from meeting me on the mountain are happy to come up for dinner with their kids. The line for sushi at Mikuni is long, but no one seems to mind. Everyone is having a blast.

Northstar may only be soul-stirring on stormy powder days, when the winds that whip across the Sierra crest close the lifts at other resorts and skiers like Carla and Tom Beebe find themselves alone among Northstar’s roomy trees. But sometimes soulful isn’t all that matters.

After five winters here, Carla certainly has no doubts. “We really like the way the place is run,” she says. “The employees are truly friendly. There’s a nice group of skiers here, and we’ve made great friends. It’s like a little family. The mountain is buffed. And,” she says again, “the powder skiing is fabulous.”

“At Squaw, I always felt like a visitor,” she continues. “At Northstar, I feel like I’m home.”

Article by Susan Reifer, Contributor, SKI Magazine - November 2008 edition

The Hyatt Residence Clubs new luxury Northstar Lodge is the latest offering from East West Partners, and represents the newest way to live in The Village at Northstar. Right outside your door at Northstar Lodge is America's number 3 "family friendly" rated ski area, according to USA Today. The Northstar ski area boast over 83 groomed ski trails and 2,400-acres of terrain to match any other Tahoe mountain. Fractional ownership at Northstar Lodge also includes membership in Tahoe Mountain Club, offering two championship golf courses - Old Greenwood and Coyote Moon. The entire Lake Tahoe area is yours to discover with endless activities and recreation for all seasons. Sun and fun is always included with life in Tahoe. Ownership at Northstar Lodge - Hyatt Residence Club starts at $150,000.

For More Information on The Northstar Lodge - Hyatt Residence Club & The Ritz-Carlton Club Northstar Highlands Please Visit: PrivateResidenceClubs.com/Lake-Tahoe-Residence-Clubs

For More Information on whole ownership at The Residences at The Ritz-Carlton Highlands - Please visit: LuxeResortHomes.com/Lake-Tahoe-Resort-Homes

Fairmont Heritage Place Increases Portfolio With New Sun and Ski Destinations



New Property Additions Strengthen the Brand's Collection of World-Class Fractional Products

Fairmont Heritage Place, the private residence club offering from Fairmont Hotels & Resorts, today announced that it has assumed management of two North American-based private residence clubs formerly operated by Storied Places(R), an Intrawest company. Joining Fairmont Heritage Place's exclusive collection are the Fairmont Heritage Place at Nature's Door, Whistler and Fairmont Heritage Place Inspiration, Miramar Beach in Sandestin, Florida. These additions enhance and extend the Fairmont Heritage Place portfolio, which now consists of five locations, over 200 luxury homes and more than 2,000 homeowners worldwide.

"The addition of these leading resort destinations, combined with recently announced private residence projects in places like the Kingdom of Sheba development on the Palm Jumeirah in Dubai, Zimbali in South Africa and Vail, Colorado, supports our residential growth strategy of adding developments that are of the highest quality, situated in the world's most spectacular locations, and offer a unique mix of lifestyle and leisure offerings," said Thomas W. Storey, President, Fairmont Hotels & Resorts. "New homeowners will have the opportunity to enjoy the exclusive benefits and privileges of Fairmont Heritage Place, such as club-to-hotel exchanges, and we look forward to providing them with the personalized and thoughtful service that has made Fairmont famous throughout the world."

Providing ski-in, ski-out access next to the Dave Murray Downhill Olympic Ski run, Fairmont Heritage Place at Nature's Door, Whistler features 22 well-appointed and fully furnished vacation homes. Reflecting the rustic charm of the Pacific Northwest, these luxury homes range in size from three to four-bedrooms and offer mountain inspired amenities like private outdoor hot tubs, customary wood-burning fireplaces, and wrap-around decks providing unparalleled views of Whistler Blackcomb. Original artwork by local British Columbian artisans adorn each home and all feature private media centers equipped with large flat panel televisions and DVD players.

Overlooking the protected wetlands of Choctawhatchee Bay and nestled amongst the lush fairways and manicured greens of the award-winning Burnt Pine Golf Club rests the 20 luxury homes of Fairmont Heritage Place Inspiration, Miramar Beach. Here homeowners enjoy the comfort of three-bedroom residences that showcase vaulted ceilings, wrought-iron canopy beds, and kitchenettes featuring White Carrera Bianco marble and stainless steel countertops. Within the resort development itself, homeowners also have convenient access to the new Village of Baytowne Wharf, four-championship golf courses, the Sandestin Golf Academy, a 98 slip-marina, 15 tennis courts, and 17 restaurants including waterfront dining.

"These exquisite private residence clubs are extremely successful and consistently receive some of the highest guest satisfaction ratings in the lodging industry," said Brian Collins, President at Intrawest ULC. "There is tremendous compatibility with our Storied Places fractional ownership concept and Fairmont's private residence club. This new ownership model will introduce the Fairmont brand to Sandestin and deepen their brand presence at Whistler Blackcomb which will maximize the benefits for owners. As we look toward the future, Intrawest will continue to seek opportunities to partner with Fairmont to design, build, manage and operate new and innovative real estate projects."

Fairmont Heritage Place is a leading operator of private residence clubs throughout the world. Featuring luxury home developments in world-class destinations like San Francisco, Telluride and Acapulco, Fairmont Heritage Place combines the impressive amenities and attentive service of Fairmont Hotels & Resorts with the luxurious comforts of an elegant private retreat. Fairmont Heritage Place owners, as well as being able to enjoy their own homes, can utilize their allotted time at other Fairmont Heritage Place locations around the world. They also have the unique opportunity to enjoy exchange privileges at Fairmont's collection of distinctive hotels and resorts, including landmark properties like the century-old Savoy hotel in London and The Fairmont Banff Springs in the Canadian Rockies.

About Fairmont Heritage Place

Fairmont Heritage Place is an exclusive private residence club collection offering vacation home ownership in some of the world's most sought after locations. Fairmont Heritage Place Acapulco, its first residence club, opened in September 2004 and is now sold out. Fairmont Heritage Place also manages the Fairmont Heritage Place Franz Klammer Lodge in Telluride, Colorado and San Francisco's Fairmont Heritage Place, Ghirardelli Square, which officially opened in August 2008. Sales are currently underway for Fairmont Heritage Place, Kingdom of Sheba, on the Crescent of The Palm Jumeirah island in Dubai, and Fairmont Heritage Place, Zimbali, South Africa. Future development is being planned at select Fairmont resort locations including Vail, Colorado; Rock Ki, Dominican Republic; Oman; and Palm Desert, California.

For More Information Visit: PrivateResidenceClubs.com

Tuesday, November 18, 2008

Five Years in the Making, Four Seasons Hotel and Private Residences in Seattle Opens



Five years in the making, Four Seasons Hotel and Private Residences Seattle opened its doors to the public this month.

Four Seasons Hotel Seattle offers the consummate Seattle experience to the area’s growing number of leisure and business travelers from around the globe. A dramatic departure from its previous address at The Olympic Hotel, Four Seasons Hotel Seattle is a modern, waterfront hotel with a variety of amenities that reflect the best of the Northwest’s culture and natural beauty.

Four Seasons Hotel and Private Residences Seattle is a $150 million, 21-story ultra-luxury development with 36 residences above 147 guest rooms located in Seattle’s Pike Place Market District in the heart of downtown. Developed by The Seattle Hotel Group LLC, a private, local company, the property features spacious, modern interiors and one-of-a-kind views of Elliott Bay and the Olympic Mountains.

“When Four Seasons left Seattle in 2003, a local group quickly formed to bring it back in an extraordinary way. The new Four Seasons will allow guests and residents to experience the Northwest like never before,” said John Oppenheimer, managing partner of the Seattle Hotel Group, developer of Four Seasons Hotel and Private Residences Seattle. “We are so honored to return this international icon and hospitality leader to our city.”

The 147 guest rooms and 36 Private Residences at Four Seasons Hotel Seattle are ideally situated in the cultural and business heart of downtown, just steps from Pike Place Market, Seattle Art Museum and the city’s best shopping, dining and entertainment venues.

“Four Seasons is delighted to return to Seattle and the Pacific Northwest with a contemporary new building on such a breathtaking and conveniently located site,” said Ben Trodd, General Manager, Four Seasons Hotel Seattle. “Visitors and residents can experience the best of Seattle in an exciting new way, from dining in the chic, water-view restaurant to having a cedar-scented Spa treatment.”

In preparation for its opening, the hotel held two job fairs, considered more than 3,000 applicants for its 235 positions, administered an average of 160 hours of training to each new staff member and custom-fit approximately 2,700 uniform pieces by hand. Fifty of the 235 employees, or 20 percent, have transferred to Seattle from 19 other Four Seasons properties.

Within the hotel, ART Restaurant and Lounge features acclaimed Seattle chef and Four Seasons veteran Kerry Sear’s “best source” philosophy of incorporating the freshest local ingredients into creative and memorable preparations. The main dining room shares panoramic water and mountain views with the lounge, private event room and counter, which offers inventive and convenient meals throughout the day. More than 160 wines from a 12-foot wine wall will be available by the glass.

The 6,000-ft2 (557 m2) full-service Spa at Four Seasons reflects the company’s commitment to providing a luxury destination spa in every city and resort location. The Spa captures the serenity of nature by infusing indigenous Pacific Northwest elements such as herbs, coffee and cedar into its treatments. After experiencing The Ultimate Unwind or another restorative journey, guests and residents can relax by downtown’s only outdoor infinity-edge pool and fireplace overlooking Elliott Bay.

Four Seasons Hotel Seattle’s grand ballroom provides the perfect backdrop for a timeless Seattle event. Two-story-tall windows frame panoramic westerly mountain and water views. The hotel’s modern art collection focuses on 16 works by masters of the Northwest School, and original works from private collections lend an unexpected flair throughout the hotel.

Residents of Four Seasons have access to residential concierge service, valet parking, 24-hour room service and the hotel’s full spectrum of amenities and services. Whether having Four Seasons cater an event at home or tend to their affairs while they’re away, residents live an effortless lifestyle in homes ranging from 1,300 to more than 7,500 square feet and from $2 million to more than $15 million. A limited number of residences remain available.

For More Information Visit: LuxuryUrbanLiving.com/Seattle

Monday, November 17, 2008

Gansevoort Hotel Toronto



It has been less than five years since the first Gansevoort hotel helped breathe life into the now ultra-fashionable meatpacking district of Manhattan, and in that time the brand has pushed to cement itself among the top names of the luxury development world. Last March, a second Gansevoort project, its first with residences, opened in South Beach in Miami, and another hotel in New York is planned to open in fall 2010 on Park Avenue South. That may seem like quite a lot of activity for a still-young brand, especially in the current economic climate, but Gansevoort seems to be showing no signs of slowing down. Now a fourth project, this one on Richmond Street West in downtown Toronto’s entertainment district, is on the way. Plans call for 150 hotel rooms and 120 whole-ownership studio-to-three-bedroom residences in a modern, cubist-looking 35-story tower. The residences, from 700 to 4,000 square feet, will have large terraces with gardens hanging over their sides, and owners will be able to enter their units in a rental program to serve as hotel rooms while they are away. Also planned are a full-service spa and the rooftop area with a heated outdoor pool, lounge and a bar. The development’s plans also include a significant effort toward energy efficiency and sustainable building techniques; it is seeking LEED certification from the U.S. Green Building Council.


Pricing expected to start at $500,000 - For More Information Contact CondominiumHotels.com


bmi Better for Business

Tuesday, November 11, 2008

Canyon Ranch - opens in Miami Beach



Morning dip in the ocean? Check. Haute cuisine by the beach? Check. Cardiometabolic stress test? Check.

Add medical diagnostics to the South Florida vacation must-do list for guests checking in to the region's newest resort this week. Canyon Ranch Living-Miami Beach hopes to cut through the growing list of high-end hotel offerings with a pricey mix of health screenings, spa treatments and wellness services running the gamut from nutrition to midlife angst.

Day One at Canyon Ranch might include a coordination and balance assessment ($165), followed by a 100-minute Japanese bathing ritual ($330), and then on to an 80-minute stone massage ($240) and a $350 insomnia consultation with a medical doctor.

Developers hope their $500 million Canyon Ranch, like its namesake Arizona resort, will attract throngs of affluent baby boomers willing to pay handsomely to ward off aging. But this week's opening comes during lean times for the luxury market in general, adding to the financial pressure for a condominium resort that revolves around expensive -- if healthful -- indulgences.

''We have very, very wealthy buyers,'' said Eric Sheppard, a partner in WSG Development. (A publicist later volunteered CSI:Miami star David Caruso is among the Canyon Ranch Miami Beach owners.) ``People are buying the lifestyle of mind, body, spirt and a healthy living.''

WSG launched Canyon Ranch Miami Beach at the site of the old Carillon hotel in 2005, at the height of South Florida's condominium boom. It offered 581 units -- 431 standard condominiums and 150 condo-hotel units -- for prices ranging from $500,000 to $8 million. More than 500 units sold, and Sheppard said he's seen roughly 10 percent of buyers try to back out of their contracts.

In this battered condo market, developers cherish cancellation rates that low. But Canyon Ranch can't rest easy once a contract closes. To remain profitable, it needs a population of unit owners eager to pay not just their monthly dues, but to participate in the expensive lifestyle Canyon Ranch offers.

The resort employs a full-time medical staff of 11, including a Chinese medicine specialist, nutritionist and a physical therapist. Private rooms surrounding the 75,000-square-foot health club (including a 32-foot-tall climbing wall) contain equipment for conducting tests on oxygen saturation and bone density, along with body composition scans designed to guide the fitness staff in creating exercise regimens.

Dr. Karen Koffler, the former head of integrative medicine at Evanston Northwestern Hospital in Illinois, ducks into a darkened room a few steps from the treadmills containing a $125,000 body scanner.

''It's the best bone-density and body-composition machine that is made,'' said Koffler, a medical doctor and the resort's clinical director.

While it can detect signs of bone loss on spines and hips, the device also allows fitness instructors to ditch the metal calipers typically used to measure body fat in favor of a digital image that can reveal a person's true fitness level.

''There's a lot of...skinny-fat women,'' Koffler said. ``They're thin because genetically they were blessed with the tendency to be thin. But if you peer under the tissue, there's fat under there because they're not physically active.''

To ensure clients follow the staff's workout regimens, trainers issue memory sticks embedded with each routine. When plugged into the gym's weight machines and cardio equipment, the cards won't let users lift too much and will take note if the intensity level falls short of the work-out plan.


For More Information Condominiumhotels.com/Contact

Article written by Douglas Hanks - posted on MiamiHerald.com - November 11, 2008

Friday, November 7, 2008

Capella Pedregal Alliance With Ultimate Escapes



Capella Pedregal, Cabo's hottest new resort and residential community, just got a little hotter. In a new, unprecedented alliance with luxury destination club Ultimate Escapes®, owners at Capella Pedregal now have access to residences at 23 fabulous resort and metropolitan destinations around the globe.

Cabo San Lucas, Mexico (PRWEB) November 6, 2008 -- Capella Pedregal, Cabo's hottest new resort and residential community, just got a little hotter. In a new, unprecedented alliance with luxury destination club Ultimate Escapes®, owners at Capella Pedregal now have access to residences at 23 fabulous resort and metropolitan destinations around the globe.

"We are proud and excited to be the first private residence club to partner with a destination club," said Juan Diaz Rivera, marketing director, Capella Pedregal. "This unprecedented partnership is offering owners at Capella Pedregal an opportunity to build equity by owning real estate in Cabo, while providing them with access to Ultimate Escape's global portfolio of properties through Ultimate Escapes Developer Affiliate Program - it's the best of both worlds."

Amenities at Capella Pedregal include fractional ownership in a luxury Viking yacht at the Capella Yacht Club, access to all of the amenities of the Capella Resort and Spa to open on-site in March 2009 and a prime location on 24 acres of pristine beach. The Ultimate Escapes Developer Affiliate Program is another unique amenity that gives current and prospective owners the opportunity to enjoy vacations at Ultimate Escapes destinations worldwide including luxurious mountain and ski spots such as Deer Valley and Beaver Creek, major metropolitan cities including New York, Paris and London, golf destinations like Tuscany and Scottsdale and beach resorts from Belize to the British Virgin Islands.

"Cabo San Lucas is the most sought after vacation destination for our members," said Gregg Amonette, senior vice president, Business Development for Ultimate Escapes. "We're thrilled to align ourselves with a property of this caliber and are confident that Capella Pedregal will become a highly desired destination for our members."

Set to debut in March 2009, Capella Pedregal is Capella Hotels and Resorts' preeminent beachfront resort and residential community. Accessed via a private mountainside tunnel, Capella Pedregal will be comprised of a 66-room Capella Resort and Spa, 38 shared-ownership Capella Residences and 11 private, full-ownership Casonas. The only luxury hotel and residence resort with immediate proximity to the world-class Cabo Marina, Capella Pedregal offers its owners and guests unprecedented access to a fleet of luxury Viking sport fishers and cruisers at the Capella Yacht Club. Resort guests and residents will enjoy amenities including a 10,000-square-foot Sylvia Sepielli-designed signature Auriga spa and wellness center; their own personal majordomo; and attendance by Capella's signature Personal Assistants who are on hand to arrange anything from dining reservations to yacht excursions and access to Cabo's many attractions.

Tuesday, November 4, 2008

$640M Project Breaks Ground in Tough Times



MIAMI-Seven years ago Mehmet Bayraktar, chairman and CEO of Flagstone Property Group, was invited to Watson Island by the City of Miami, which was looking to plan a marina on the site that sits just off the MacArthur Causeway between Downtown and Miami Beach. Last week, Bayraktar celebrated an event he has been waiting for since 2001: the groundbreaking of Island Gardens, a $640 million mixed-use yachting resort on the island.

Island Gardens, to be developed and owned by Flagstone, will be built on a 24-acre site owned by the city adjacent to the Miami Children’s Museum. The development is set to feature two towers and 221,000 sf of retail space. The first tower will house a 150-room Shangri-La Hotel and 98 luxury fractional residences to be managed by Shangri-La Hotels.

“We are selling a one-eighth fractional ownership that allows buyers to have 45 days per year of usage,” says Philip C. Freedman, Flagstone’s vice president of residential sales. Pricing starts at $215,000 for a 1,200-sf, one-bedroom unit and goes up to $850,000 for a 3,770-sf, four-bedroom unit. Freedman believes the units will sell, even during tough economic times. “There are 267 fractional clubs worldwide,” he explains. “Last year they accounted for $2.6 billion in sales, and the year before was $2.1 billion. Sales have consistently gone up 20 to 30%, and we have 141 fractions sold to date,” he adds.

The second tower at Island Gardens will include a 350-room hotel run by a four-star brand to be announced later this month, Bayraktar tells GlobeSt.com. The two-level retail space is set to feature 60 luxury shops, 18 waterfront restaurants and outdoor and indoor seating for more than 1,500 guests. In addition, the project is planning a “super-yacht harbor” designed for mega-yachts and giga-yachts longer than 400 feet. According to Flagstone, Island Gardens is the only location under development in North America to accommodate these vessels. Public gardens featuring waterfalls and artwork are also being planned for the site.

Approximately 18% of the fractional ownership units are committed, says Bayraktar, and letters of intent have been received for about 15% of the retail portion. According to Flagstone, institutional equity in form of 35% of project costs has been closed with ING Clarion. Flagstone will seek to borrow the rest by 2010, a deadline set by the City of Miami. The developer is currently at various stages of debt placement based on components of the project. Flagstone says some components have received their loan commitment and agreements are being drafted and others have been committed and approved by a lead bank and are in the process of being syndicated.

“I hope and believe we’ve been very lucky that now things are slowing down,” Bayraktar tells GlobeSt.com of the current downturn. “This is the perfect time for construction—for labor and materials—and once we open in fall of 2011, things should be going in the other direction.”

Story written by: Crystal Proenza - GlobeSt.com November 3. 2008 -  Original Story


For More Information Please Visit: LuxeFractionalOwnership.com/Miami-Fractional-Ownership


Sunday, October 26, 2008

The Ritz-Carlton Montreal Gets Fresh Look



In The Way We Were's famous closing scene, Barbra Streisand's Katie bumps into her ex, Robert Redford's Hubble, and his new, demure, blond girlfriend, in front of New York's Plaza Hotel on a blustery fall day. "Your girl is lovely, Hubble," she says magnanimously, brushing aside a windblown strand of his flaxen hair with a begloved hand. (Unfortunately, I seem to run into exes with, say, a 7-Eleven, a bum, and maybe a garbage can in the background.) That may be because I don't live in a '70s Hollywood romance set to Streisand's swelling misty watercoloured vocals, and also because, sadly, Toronto doesn't have its own version of the Plaza. Every city needs that kind of fabled, cinematic hotel, where sad rendezvous feel glamorous because they happen in front of a grand marquee and debauchery has all the glitz of a Fitzgerald novel because it happens in a marbled ballroom.

Montreal's --and Canada's --answer to that sort of storied property is the Ritz-Carlton. Perched in Montreal's boutique-laced Golden Square Mile, the grande dame of Sherbrooke Street was the first Ritz Carlton in the world, and has played majestic host to a ridiculously long list of glamourati: stars (Paul Newman, Sophia Loren, and Elizabeth Taylor and Richard Burton, who had their first wedding there), French presidents (Charles de Gaulle), royalty (Queen Elizabeth and Prince Philip) and the Shah of Iran).

The hotel, which first opened in 1912, was designed by New York architecture firm Warren ... Wetmore (it also divined Grand Central Station). The palazzo-style neo-classical pile has temporarily shut its opulent doors to undergo a massive 15-month, $100-million reno that will see 130 cushier rooms, 34 residences and 15 condo hotel suites. (Construction is slated to begin this winter.) While the Ritz-Carlton is being escorted into a swankier present, many of its old-fashioned hallmarks (such as its original white-shuttered marquee) will be carefully restored. The hotel lobby will feature one of Cesar Ritz's requisite design features: a coiling Cinderella staircase in the lobby (originally fashioned so that female guests, bedecked in their finest, could make dramatic entrances and be properly admired by their suitors waiting below).

"A lot of Montrealers see the Ritz as a kind of a shrine," says Montreal designer Patty Xenos, who is fashioning the hotel's new residences. "It was the first building to be designed as a landmark. The ghosts of this building are incredible." The facade of the building, with all of its intricate, hand-carved detailing (a so-called pearl necklace and lace crown) will also be preserved. All of that artful stonework, Ms. Xenos remarks, decorates the top of the building. "This kind of building wasn't designed to be seen from a passing car, the way we might see it today. It was meant to be appreciated from afar. You would notice the cornice above the treeline as you'd approach it slowly from your horse-drawn carriage."

In taking on this project, Ms. Xenos determined to spoil the mod new condos and residences with the same kind of decadent touches that defined the hotel's first incarnation, reimagining some classic features to suit the contemporary glamourpuss. The residential lobby will feel like a precious, light-glutted jewel box: floors will be round-cut inlaid marble (a nod to the hotel's original flooring); ceilings will be gleaming silver-leaf; instead of a trad chandelier, there will be what looks like a rain cloud of dangling crystal droplets ("I wanted the ghost of a chandelier," she explains) and sleek columns (as opposed to the standard Doric variety) will moonlight as lampposts, their faces made of hand-carved light-refracting crystal.

The suites -- ranging from 1,060 to 5,640 square feet -- will also cosset its residences with every (un)imaginable flourish. "With any great building, every detail has a story. We tried to bring back that tradition," Ms. Xenos says. When the hotel's eastern facade was torn down for the reno, cornices and emblems were saved from the rubble, and will make their way (mounted or framed) into the residential lobbies. "It's history as art," says Ms. Xenos.

Of her overarching esthetic philosophy, she offers: "I was truly allergic to trends. The minute a

trend appears, it's already over." Among those defining details: heavy, castle-befitting eight-foot doors ("I didn't want anyone to go to Rona or Home Depot to buy a door frame!" says Ms. Xenos), herringbone-patterned marble flooring in the living areas, and service elevators with secret passageways that usher caterers, dog walkers, nannies, shrinks on house-calls, private kabbalah instructors, etc., into the kitchen, as if magically ("That's five-star living! Service has to be invisible," laughs Ms. Xenos). Cleverly designed to combat wind-savaged, sun-deprived Montreal winters, Poggenpohl kitchens are panelled with windows (dressed in fresh, white shutters) and the feel-good backsplash is its own light-therapy system. The panel, an LED-source, is meant to stand-in for sunlight, reproducing all the colours of the rainbow in lulling succession. (NASA developed this kind of therapy to help rescue space-bound astronauts from depression.) Another (better!) cure for depression: Move into the Montreal Ritz.

Article written by Olivia Stren, National Post - published October 25, 2008

Visit CondominiumHotels.com for more information on Ritz-Carlton Montreal

Friday, October 17, 2008

Financial Crisis: Luxury brands boom as rich fly to quality



Interesting article written by Jessica Fellowes 

October 17, 2008
Telegraph.co.uk

But there’s one market that is showing remarkable resilience: luxury. Private jets, diamonds, art, antiques, Rolls-Royces and even Savile Row suits are all still selling, showing signs of bullishness in a financially fragile world.

Could luxury be the one remaining boom in the bust?

If you wanted to judge the optimism of luxury consumers this week, you couldn’t have done much better than attend Thursday night’s London launch party of The Wall Street Journal’s new magazine, WSJ, dripping with adverts for brands such as Chanel, Dior and Armani.

The Royal Academy of Arts was buzzing with the capital’s glitterati. Erin O’Connor, supermodel and face of M&S, was there, draped in designer labels – Moschino jacket, Dries Van Noten shirt, Smythson bag. “I always buy luxury when it’s purposeful and well thought out,” she says. And it’s this attitude that may explain the surprising strength of the luxury market at a time when, in many households, even the bare necessities are being cut back.

The art market is certainly confident. Damien Hirst’s sale last month surprised everyone by breaking all his previous records: he walked away from Sotheby’s with £111 million, on the same day [Sept 15] that traders at Lehman Brothers were losing more – much more.

And although at the opening day of the annual Frieze Art Fair in London’s Regent’s Park this week there wasn’t the usual feeding frenzy, Charles Dupplin, art market expert at Hiscox Insurance, says: “There are trades going on. Everyone is there, they’re just sitting on their hands a bit.”

Matthew Paton of Christie’s has his own explanation for robust art sales in a downturn: “Serious collectors might wait 40 years for the thing they want to come up – so they’ll buy at any time. There are lots of dealers in London this week for Frieze, and we’re expecting our sales this weekend to go well. But these are people who buy with an eye and a heart, not just for investment.”

Cartier had a successful week, launching 70 new pieces at the Paris Biennale, and reports that £1 million necklaces are still selling. Christie’s also held a sale of jewels on Wednesday night in New York where most pieces went below the estimate but still at healthy prices (£1.5million for a pear-shaped purplish-pink ring).

However, it is worth noting that it is not just British buyers who are delving into their pockets: four out of the five top lots went to Middle Eastern clients. No wonder Christie’s current excitement is the masterpiece exhibition it is shortly to hold in Abu Dhabi.

Mark Law, chairman of Partridge Fine Art, says: “We’re selling to Americans now the dollar is stronger. Only last week I sold a rosewood inlaid table for £70,000. People are definitely still buying – but they’re asking serious questions before they commit.”

Foreign investment could well be the reason the British luxury market is bearing up. “Business is amazing,” says Rodney Turner, director of the Rolls-Royce showroom in Berkeley Square. “We’re selling to Nigerians, the Middle East and Asian clients. But our UK customers are holding back.”

John Guy, retail and luxury goods analyst at MF Global, a brokerage firm, says: “It’s an international market now for luxury commodities and you have to measure it in those terms.

Demand falls away in Britain because conspicuous consumption doesn’t go down too well, whereas in China and Russia, showing off one’s wealth is a sign of power. Look at the first week of October, where sales at LVMH [owners of Louis Vuitton and Moët Hennessy champagne] were up 12 per cent. That’s an acceleration.

But it’s a very difficult market in terms of where demand goes. The barriers aren’t closed to tourism now in the way they were after 9/11, and currency is likely to offset softer underlying demand to a degree in 2009.” So, at an international level, a brand can post good results because of frequent travel, strong currencies and emerging markets (such as India and China). But if it is based only in Britain, can it remain as strong?

Burberry, which posted 13 per cent sales increases in the six months to September 30, showed that it was its Spanish, American and Japanese markets which were faltering, while Britain remained “solid”.

However, contradicting the argument that you need international bases to survive, there are glimmers of hope at a more local level. Patrick Grant, owner of Savile Row tailors Norton & Sons, says: “Orders to the end of the third quarter are up 54 per cent, and nearly three-quarters of our sales are from UK clients. We’re lucky to have a very consistent level of repeat customers, plus our clothes are investments.”

Other smaller luxury brands, such as Holland & Holland, makers of guns with prices starting at £5,000, say they are still continuing to sell well. There is even one shop in the upmarket mall Royal Exchange, in the City, which claims that people are buying as much as before; the only difference is that shoppers are requesting that their purchases are not put in the branded bags: they don’t want to show that they have cash to splash.

James Ogilvy, chief executive of Luxury Briefing, which produces a monthly intelligence report on the luxury industry, says: “We’re in the middle of the maelstrom now, which affects confidence, but luxury is a long-term business for the brands involved. The customer base is broader than it was with some brands having more than 200 stores worldwide.

“Emerging markets, too, may counteract the stagnation of some of the more mature markets. But people who are used to luxury will buy carefully and ensure better value for their money.”

It is this flight to quality by consumers that provides the key to understanding why luxury brands will survive this recession, particularly those with heritage and a strong identity.

None the less, launching a private jet company in the height of the downturn might seem like madness. But Chris Moody’s Fractional Jets Europe is designed for the times.

“People have still got to do business but they need to work smarter than ever before,” says Moody, who brings together the sellers of fractional shares in a jet with those who want to buy.

Fractional ownership – we knew it as ''timeshares’’ in the Eighties – is currently providing buoyancy in the luxury market. Clients are splitting the costs of yachts, jets or holiday villas with their fellow rich elite. There is also now a host of companies simply reselling empty seats on pre-booked private jet flights, including privatejetshare.com, LunaJets, NetJets, lastminutejet.com to name but a few.

But while private jets help people do business, what of the ultra-luxury market that is the playground of the super rich? Philippe Lamblin, chief executive of PrivatSea, a membership club for super yachts, is less ebullient: “People just aren’t buying into the big toys. We had 60 yachts moored in St Tropez last year – now there are just 30.”

Recessions aren’t always the worst time to launch a business, though.

Just a few months after the great stock market crash of 1929, which marked the onset of the American Depression, Henry Luce founded Fortune magazine. Daringly, it was printed on good quality paper and cost a dollar an issue at a time when most publications cost around five cents. Sometimes bucking the trend is a good way to get noticed: plus, as is clear now, people will put their trust in good quality when times are tough.

Chris Moody makes a pertinent point: “For every one person losing millions, there’s someone on the other side of the deal making a fortune. Look at Sir Philip Green, who went to Reykjavik this week to look into buying their retail group Baugur.”

Taking over Baugur’s debts would give Green huge control of the public purse – it owns shares in Jane Norman, Karen Millen, French Connection and Oasis. So perhaps we should give the last word to the Top Shop magnate and high street king whom I met at the WSJ party. What does he, one of the few men thought to be immune to economic hardship, think of the recession?

Sir Philip shrugged. “It’s going to get to all of us, innit?”









Monday, October 6, 2008

The Abaco Club on Winding Bay




The Ritz-Carlton Club has its sights on The Bahamas, the industry’s leading private residence club continues its expansion at The Abaco Club on Winding Bay, A Ritz-Carlton Managed Club.

A secluded residential development and sporting retreat, The Abaco Club offers more than two miles of pristine powder soft beaches, stunning turquoise waters and a multitude of activities from golf and fly fishing to horseback riding and a full-service spa. The fractional ownership, Ritz-Carlton Club, Abaco now joins the property’s existing real estate offerings of estate lots and turn-key cottages.

This fractional program is a points-based concept where Members have three membership options:

* Select Membership – 500 points
* Preferred Membership – 1,000 points
* Premium Membership – 1,500 points


With initial membership pricing starting at $110,000, Members receive points annually for use toward their vacations in Abaco. This approach provides increased flexibility as each Member can select the travel dates and residence floor plan best suited for their trip. Additionally, when choosing from the collection of homes, each residence is assigned a varying nightly point value.

The possibilities are endless on how a Member might enjoy their Ritz-Carlton Club membership. For instance, a Member could elect to spend 14 nights (1,190 points) in a cliff-side cottage with the family to escape the winter chill, seven nights (280 points) in a similar cottage in summer while the kids are on vacation and four nights (30 points) in a cabana in the fall for a romantic getaway.*

“For those seeking a vacation home alternative in The Bahamas, The Ritz-Carlton Club provides a lifestyle like no other,” said Peter J. Watzka, executive vice president and chief operating officer for The Ritz-Carlton Development Company, Inc. (an affiliate of The Ritz-Carlton Hotel Company, L.L.C). “It affords a carefree home ownership experience, complete with a staff of dedicated Ladies and Gentlemen to assist Members with their every need. This island destination, and specifically The Abaco Club, is the ideal setting to expand our growing brand.”

Now in sales, The Ritz-Carlton Club, Abaco is targeted for first phase occupancy in December 2008, and ultimately offering 16 homes in the program. Furthermore, the concept grants a deeded interest as part of a Bahamian real estate trust. This approach allows Members to will the interest to their heirs, if desired. Membership also includes privileged access to the 7,183 yard / par 72, Scottish-style links golf course designed by Donald Steel and Tom Mackenzie – named number one in The Bahamas by Golfweek in 2007.

“The key ingredient to this new concept is Member feedback,” continued Watzka. “Our Members told us they are looking for enhanced flexibility when using their second homes. As a result, we designed a program as diverse as their travel plans.”

When making a reservation, Members may choose from four, fully furnished home options. The cabanas will provide approximately 570 square feet of living space. Overlooking Winding Bay, cliff-side cottages will include from two- to three-bedroom floor plans (roughly 1,656 – 2,385 square feet). Two-story, four-bedroom fairway villas (approximately 2,800 square feet) will meander along the golf course, and finally, two-story beachfront cottages will offer a three-bedroom floor plan at approximately 2,250 square feet. All homes will boast a blend of southern hospitality with large porches and comfortable furnishings, as well as a Caribbean color palette.

The Ritz-Carlton Club lifestyle is tailored to each Member’s preferences. Services include pre-arrival provisioning of the Member’s residence, such as pre-stocking of their refrigerator; concierge services; storage of personal items; assistance with travel arrangements; vacation activity planning; and twice-daily housekeeping. Ritz-Carlton Club Members will also take pleasure in the octagonally-designed clubhouse featuring gourmet dining and entertainment, as well as views of the bay and its double crescent shoreline. At the beach, Members will discover numerous water activities including snorkeling at a nearby coral reef, and Buster’s, a casual thatched-roof bar and grill at the water’s edge.

In addition, Members will have the option of traveling to other destinations through reciprocal use privileges at Ritz-Carlton Club locations from San Francisco to Aspen, Colo.

Architects collaborating on the fractional residence designs are Plan It Bahamas located in Nassau, The Bahamas, and Cooper Johnson Smith Architects, Inc. in Tampa, Fla.

About The Abaco Club on Winding Bay, A Ritz-Carlton Managed Club Located on Abaco in The Bahamas, The Abaco Club on Winding Bay, A Ritz-Carlton Managed Club is an island sanctuary coupled with Founder and Chairman, Peter de Savary’s vision and service excellence of The Ritz-Carlton. This 534-acre retreat offers estate home lots, cottages, cabanas, fractional residences and golf and social memberships, all of which provide Members and Guest Members with a calming respite. Diversions are plentiful including: the world’s first Scottish-style links golf course in the tropics (designed by Donald Steel and Tom Mackenzie), clubhouse, dining, spa, tennis courts, and fitness and equestrian centers. Snorkeling, diving, deep sea fishing and flats bone fishing are also part of The Club’s available activities. Serviced by cities in Florida and Nassau, Bahamas, Abaco is easily accessed by commercial airlines or private jet to Marsh Harbour Airport. For those with private planes, The Abaco Club has its own terminal, inclusive of The Bahamas Customs and Immigration services.

About The Ritz-Carlton Club
The Ritz-Carlton Club is a deeded, fractional ownership real estate offering combining the benefits of vacation home ownership with personalized Ritz-Carlton services and amenities. Designed as a private club, The Ritz-Carlton Club offers Members the opportunity to access their luxuriously-appointed home Club or other Ritz-Carlton Clubs through reciprocal use privileges in accordance with reservation procedures. Members also have the ability to utilize additional time as available.

For More Information visit: PrivateResidenceClubs.com

Friday, October 3, 2008

Jumeirah to Manage Luxury Residence Club in The US Virgin Islands



Jumeirah, the Dubai-based luxury international hospitality management group and Timbers Resorts have joined together to build a luxurious multi-use resort occupying the entire western tip of St. Thomas. The Jumeirah Botany Bay Resort, a five-star boutique hotel of 84 rooms, spread over nine graceful buildings in an intimate and secluded setting. Scheduled to open in 2011, the 400-acre resort will also include 30 fractional residences, 30 whole ownership villas and up to 20 grand estates. These serviced residences will be managed by Jumeirah Living, combining the luxury of a prestige hotel with all the privacy and comforts of home.

Previously owned by The Corning Family as their private estate, Jumeirah at Botany Bay is now available to owners seeking a relaxed and intimate home or retreat. The property’s ideal location provides easy access clear blue water, a pristine coral reef with rare staghorn coral and nature conservancy. In addition, the western location of the property means that it boasts many of the most spectacular views of the St. Thomas sunsets. With its unique topography, The Preserve at Botany Bay offers resort residences that provide both commanding ocean views and easy beach access to two, intimate beach coves. Property owners will enjoy home ownership in an intimate setting while having at their fingertips the amenities and services of a luxury boutique hotel. The Preserve at Botany Bay is an unprecedented opportunity in the Virgin Islands.

The Timbers Company is renowned for developing luxury residence clubs and resorts such as The Timbers Club in Snowmass, Colorado; The Rocks Luxury Residence Club in Scottsdale, Arizona; the Esperanza Resort in Cabo San Lucas, Mexico; the Castello di Casole in Tuscany, Italy; and One Steamboat Place in Steamboat Springs, Colorado.

For more information visit PrivateResidenceClubs.com