Construction Maison

Waldorf Astoria Beverly Hills recently opened ." width="580" height="326" /> The Waldorf Astoria Beverly Hills recently opened .  (Photo: Waldorf Astoria Hotels & Resorts)   The U.S hotel industry reported positive year -over-year results in three key areas during the last week of July. Occupancy rates were up 0.3% to 77.4%. The average daily rate reached $132.21, an increase of 1.2% over the same week last year. And revenue per available room was up 1.5% to $102.39. That’s all based on the latest data from research firm STR for the week of July 23 to July 29. Hoteliers moved into August feeling optimistic , with a slate of new openings, renovations and other updates. First new Waldorf Astoria on the West Coast opens The iconic Waldorf Astoria New York may be closed for renovations for the next few years, but the luxury brand has moved to the West Coast. Waldorf Astoria Hotels & Resorts, Hilton’s luxury brand, opened the Waldorf Astoria Beverly ...

“We are not selling our stake and are comfortable with our rights relating to any sale by others,” said Sarmad Zok, chief executive of the prince’s company, Kingdom Hotel Investments . “We are proud to have partnered with Ashkenazy to reinstate the glory of this unique asset.” The partners have a plan for an extensive modernization program to better compete with other five-star hotels in Manhattan and to reopen areas of the hotel that have been bogged down in renovations. The Plaza’s famous Oak Room and the wood- paneled Oak Room Bar have been closed for the past six years. Whether Mr. Roy and Sahara truly intend to sell or are merely trying to bolster the price, they appear to be pressing forward. “We’ ll solicit bids ,” said Jeffrey Davis, an international director of JLL, who is overseeing the bidding for Sahara. “It’s the most iconic real estate asset in the world. It’ ll garner international attention .” Mr. Davis declined to comment on whether Kingdom Hotel Investments has ...

“We are not selling our stake and are comfortable with our rights relating to any sale by others,” said Sarmad Zok, chief executive of the prince’s company, Kingdom Hotel Investments . “We are proud to have partnered with Ashkenazy to reinstate the glory of this unique asset.” The partners have a plan for an extensive modernization program to better compete with other five-star hotels in Manhattan and to reopen areas of the hotel that have been bogged down in renovations. The Plaza’s famous Oak Room and the wood- paneled Oak Room Bar have been closed for the past six years. Whether Mr. Roy and Sahara truly intend to sell or are merely trying to bolster the price, they appear to be pressing forward. “We’ ll solicit bids ,” said Jeffrey Davis, an international director of JLL, who is overseeing the bidding for Sahara. “It’s the most iconic real estate asset in the world. It’ ll garner international attention .” Mr. Davis declined to comment on whether Kingdom Hotel Investments has ...

It was the type of celebration that’s become commonplace in the Seaport District . Investors, developers, and other real estate types mingled earlier this summer at a groundbreaking ceremony for Echelon Seaport — $900 million worth of luxury condos and apartments set to rise from a parking lot on Seaport Boulevard. Advertisement Under a big white tent , guests sipped cocktails and listened as Governor Charlie Baker and Boston Mayor Martin J. Walsh touted the glassy, gleaming business district sprouting around them.Away from the festivities, Alex Shing of Los Angeles- based Cottonwood Management — the project’s developer — spoke about the strong interest from investors all over the globe who wanted to buy into Boston’s booming Seaport. Get Talking Points in your inbox: An afternoon recap of the day’s most important business news , delivered weekdays. “This is probably the most valuable piece of dirt in the world,” Shing said. Yet to help finance the project, Cottonwood and its...

The first rule of Fight Club is you do not talk about Fight Club .  I'm sitting in the lobby of the Players Club, in Manhattan's Gramercy Park, waiting to meet my interview subject. She is a longtime celebrity assistant , a profession that is both hard to find and incredibly difficult to convince to talk to you about. I'm in the lobby because in order to walk past the entrance of the Players Club you have to be escorted by a member, and I'm waiting because her principal, which I will later learn is a fancy word that celebrity assistants use to describe their bosses, landed after a long flight with a laundry list of things he needed to talk about immediately.  It's during this time that my mind starts to wander to that classic and brutal  Brad Pitt movie.  The Players Club reminds me of Fight Club, if Fight Club took place in a Gothic revival mansion facing the only Manhattan park so exclusive that one needs a key to enter. And replace the barren cement walks with...