Originally Posted by
TrophyCollector
Good point. The same is true for the Tristan Restaurant in Port de Portals, Mallorca which was originally conceived to sell the (many) empty berths in the marina.
That is an excellent point. Many of the best restaurants seem to serve as embellishments for their owners/sponsors/chefs, and as such it is informative to compare total profits, not just the single luxury restaurant or hotel, assuming such data can be obtained. Luxury hotels have always had greater volatility than have lower end properties, as probably had the restaurants. The two high end restaurants I know about (both Michelin three-star) are highly profitable on their own, and have remained so for a long time. I wish I could give their names, but cannot. Unique cases, such as El Bulli, are just that, unique.
real estate developers have always had a huge incentive to embellish their properties and what could be better than, say, le Bernardin?