The hotel is own by billionaire tycoon and by selling half of the hotel rooms as residence at a price slightly lower than soon to be open four season kl residence in 2017, they already recovered a big portion of their investment cost. So, whether to charge at usd 260 or lower, it doesn't mean much to them, guys. Actually, the more expensive, the better. If you don't think is worth it or cant afford, they will always be other people willing to. Their target market might even be the generous wealthy Asians. Most of the hotels that were mentioned are old except for GH. I think the only competition will be FS when opened in 2017 and I doubt the rates will be lower than this. Just my 2 cents.