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