Hotel residences are one of the hottest growing forms of real estate that is spreading across the world. Essentially high-end hotels are now either building or renovating previous guest rooms into full-fledged apartments. Basically you get a luxurious, stylish, and private apartment within a five-star hotel, so you have access to all of the hotel's incredible amenities and features. For many, this is luxury city living at its finest.
We are seeing top hotel brands like Four Seasons, Mandarin Oriental, and Ritz Carlton adding more and more hotel residences each year, and they are always extremely expensive places to live. So which ones are some of the best? Researchers over at New World Wealth conduct interviews and a study of some 800 high net worth individuals each year to take a look at their interest, purchases, and preferences. The organization now has amassed a large database of high net worth individuals and their information, and have recently published their findings on the most sought after hotel residences in the world.
Here's what they came up with:
The Residences at W Retreat Koh Samui - Koh Samui, Thailand
The W Retreat Koh Samui from W Hotels is one of the premier beach resorts and hotels located within this popular vacation destination in Thailand. Additionally it is home to some of the nicest and most desirable hotel residences in the world. The Residences at W Retreat Koh Samui are comprised of premium villas that feature modern architecture, large rooms, floor-to-ceiling windows, infinity pools, and views of the surrounding area. In terms of beautiful and exotic hotel residences located on the beach, The Residences at W Retreat Koh Samui are some of the best.
The Odeon Tower Residences - Monaco
The Odeon Tower is a large building in Monaco that is home to some truly luxurious residences. The tower is actually the tallest building in Monaco, and the apartments here are out of this world. Since Monaco is just generally filled with a wealthy population, pretty much everything is luxurious here. The residences incorporate floor-to-ceiling windows, light color schemes, marble counter tops, chic interior design, and they offer some truly astounding views.
The Towers of the Waldorf Astoria Residences - New York, New York
The Waldorf Astoria is easily one of the nicest and most famous hotels in New York City, and they too have permanent luxury residences. The Towers of the Waldorf Astoria Residences are comprised of one bedroom apartments that range from 600 to 1,200-square-feet and larger, two-bedroom apartments that start at 1,300-square-feet. All apartments have a living room, a kitchenette, marble bathrooms, and a dining area among other features.
The Residences at the MGM Grand - Las Vegas, Nevada
Have a permanent base in Vegas at the MGM Grand, as their residences are also quite popular. It's one of the cities most famous hotels and casinos and it's located right in the heart of all the action. The apartments here ranging in size greatly, however they are all fairly luxurious. And again, you get access to all the amenities that the hotel and casino complex has to offer.
The Ritz Carlton Residences - New York, New York
Ritz Carlton is a name you can trust within the hospitality industry, and their residences in New York are among some of the best and most desirable in the world. They offer permanent apartments within all of their New York City properties, so it comes down to which location you prefer. All of their residences are eloquent and luxurious within their own right, and you can't really go wrong with choosing one.
The Four Seasons Private Residences - New York, New York
The Four Seasons Private Residences located at Thirty Park Palace in New York City are more or less the epitome of fine New York City living. This is a residence where the cheapest, smallest, one-bedroom apartment starts at $3.6 million dollars. Each apartment offers exceptional views of the city, premium furnishings, high ceilings, and pretty much everything you can expect from a multi-million dollar apartment within one of the worlds leading five-star hotel brands.
The Baccarat Hotel and Residences - New York, New York
You've probably noticed by now that our list has gotten somewhat repetitive, and it will only continue. For better or worse, according to New World Wealth, the vast majority of the word's best and most sought after hotel residences are all within New York City. Continuing the trend, we have the residences within the Baccarat Hotel on 5th Avenue and 53rd Street. The Baccarat Hotel and Residences is one of the cities newest properties, and it just radiates style, sophistication, and luxury. Like most of the rest, their residences are extremely beautiful and are available in a range of sizes. But again, these apartments are pretty much reserved for some of the wealthiest individuals in the world, more or less.
The Mandarin Oriental Residences at One Hyde Park - London, England
The Mandarin Oriental Residences within One Hyde Park in London are easily some of the nicest in the world. It's located within a five-star hotel that's in London (one of the most expensive cities in the world) and also within easily the wealthiest, most expensive, and most prestigious part of the city. It's pretty much the epitome of luxury living in all aspects.
The Plaza Pied-a-terre - New York, New York
We're headed back to New York City for the second best hotel residence in the world, and it is the Plaza Pied-a-terre. It becomes somewhat tiresome reiterating the phrase "these are multi-million dollar apartments within one of the most luxurious hotels in the world", however that is the case with all of these New York hotel residences. It's the Plaza, a name that can speak for itself. The apartments here are spacious, luxurious, and are filled with all the amenities one could ask for.
The St. Regis Residences - New York, New York
The St. Regis New York Residences, according to New World Wealth, are the nicest and most desirable hotel residences in the world. The St. Regis New York is easily one of the cities best hotels with a great location, and their apartments represent everything that this luxury brand stands for.