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$28,000 a Night: Hotels Race to Attract Superrich Clientele

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$28,000 a Night: Hotels Race to Attract Superrich Clientele

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Old Jan 23, 2014, 5:02 am
  #16  
 
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Originally Posted by TRAVELSIG
Granted while I have stayed at the FSNY I have never stayed in this particular suite and strangely enough it didn't seem to be in the upgrade pool that I participate in.
I am definitely not in that market either

I have been reliably informed that the suite is only available as an accommodation.
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Old Jan 23, 2014, 5:17 am
  #17  
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Originally Posted by MikeFromTokyo
I am definitely not in that market either
I assume that market must be the same as the Gentleman I met on New Years Eve who was explaining to me the "tyranny of inheriting just too much".
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Old Jan 23, 2014, 6:07 am
  #18  
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Originally Posted by TRAVELSIG
I assume that market must be the same as the Gentleman I met on New Years Eve who was explaining to me the "tyranny of inheriting just too much".
I by myself have the "tyranny by having too few $$$". I could live with having "too much". What a tyranny that would be.
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Old Jan 23, 2014, 8:33 am
  #19  
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http://www.elitetraveler.com/about-e...s/testimonials

http://www.hotelnewsnow.com/articles...Clock-check-in
2% of travelers drive 30% of [starwood hotels] profit
im reminded by daniellam's post - substantial business dealings may be conducted in places like hotel suites and no matter how expensive the suite is, it can be pennies in comparison (kind of like how casinos profit, no matter how much they spend on some guests, when some individual guests will lose millions of dollars in the casino)

another thing would include rental restrictions/minimums in places like new york or certain developments. in other words hotels offering by the night. kind of related to that, availability of top private residences to rent/stay in the first place. basically supply - discussed here along with emotion/psychology > http://www.departures.com/articles/n...is-coming-soon
massive scarcity

The best location? The best security? The most prestige? The most exclusivity?”

he hesitated—until someone else came to the table. The competition sharpened his thoughts

unsolicited “astronomical” offers for existing trophy apartments that aren’t even for sale have become increasingly common. The owners of a Time Warner spread, for instance, have spurned $150 million.
-
Originally Posted by TRAVELSIG
Yes- however it is very difficult to justify to shareholders why a 25000 EUR meeting room was required instead of a 2500 EUR meeting room for example.
not really talking public companies here

but that kind of spending by a public company comes up fairly regularly, and thats just when its known

Last edited by Kagehitokiri; Jan 23, 2014 at 9:07 am
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Old Jan 23, 2014, 8:43 am
  #20  
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Originally Posted by Kagehitokiri
no matter how expensive the suite is, it can be pennies in comparison (kind of like how casinos profit, no matter how much they spend on some guests, when some individual guests will lose millions of dollars in the casino)
Yes- however it is very difficult to justify to shareholders why a 25000 EUR meeting room was required instead of a 2500 EUR meeting room for example.
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Old Jan 23, 2014, 10:47 am
  #21  
 
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Of course, The Ty Warner Suite at FS NY will not allow any business or corporate events in the suite as the fabrics and furnishings are so expensive. It is for one couple, at the very most.
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Old Jan 23, 2014, 10:56 am
  #22  
 
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Originally Posted by vuittonsofstyle
Of course, The Ty Warner Suite at FS NY will not allow any business or corporate events in the suite as the fabrics and furnishings are so expensive. It is for one couple, at the very most.
Assuming Ty Warner owns the FS NY (with the Four Seasons just "operating" the hotel), perhaps Ty Warner uses that suite to entertain friends and relatives visiting NYC if the suite is not occupied by paying guests?

Seems like some hotel owners like to build such suites at their hotels so that they can have their own bragging rights.
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Old Jan 24, 2014, 1:48 am
  #23  
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Originally Posted by daniellam
Assuming Ty Warner owns the FS NY (with the Four Seasons just "operating" the hotel), perhaps Ty Warner uses that suite to entertain friends and relatives visiting NYC if the suite is not occupied by paying guests?
Not so sure. Can imagin that Ty Warner has some even more impressive rooms for entertainment.
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Old Jan 25, 2014, 6:58 am
  #24  
 
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Originally Posted by daniellam
Assuming Ty Warner owns the FS NY (with the Four Seasons just "operating" the hotel), perhaps Ty Warner uses that suite to entertain friends and relatives visiting NYC if the suite is not occupied by paying guests?

Seems like some hotel owners like to build such suites at their hotels so that they can have their own bragging rights.
Ty Warner does own FS NY and he does stay in the Ty Warner Suite when he's in town. The design reflects his taste.......
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Old Jan 26, 2014, 12:04 am
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Originally Posted by Shangri-La
On a side note, am I alone in finding the Jewel Suite's design really boring? For $28,000-a-night, it should be pretty spectacular. http://www.newyorkpalace.com/towers/suites/jewel-suite
No you are not. The only thing extravagant about the suit is it's price tag. At $28,000 a night, they can definitely do better than supplying staying guests with small bottles of Molton Brown toiletries. Have to say the view looks quite spectacular there.
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Old Jan 26, 2014, 12:21 am
  #26  
 
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Originally Posted by BENLEE
No you are not. The only thing extravagant about the suit is it's price tag. At $28,000 a night, they can definitely do better than supplying staying guests with small bottles of Molton Brown toiletries. Have to say the view looks quite spectacular there.
Top suites at NY Palace are interesting, but I agree that price is ludicrous. The decors also look awful. I am sure subsrantially lower rates could be negotiated.

For views, top suites at FS NY are appealing, such as the one bedroom studio suites and the presidentials.

Last edited by MikeFromTokyo; Jan 26, 2014 at 12:45 am
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Old Jan 27, 2014, 6:56 am
  #27  
 
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Originally Posted by MikeFromTokyo
Top suites at NY Palace are interesting, but I agree that price is ludicrous. The decors also look awful. I am sure subsrantially lower rates could be negotiated.

For views, top suites at FS NY are appealing, such as the one bedroom studio suites and the presidentials.
I once stayed at NY Palace in one of their 3-storey Suites in the Tower, which was meant to impress me because Mick Jagger had once stayed there. It was a ridiculously large space that required its own elevator. The thing that made me laugh was that room service came from the main hotel, so although we had a huge dining table, it arrived on a trolley with a pink tablecloth, cheap cutlery, glasses and catering-style plate covers. The food was no better. Nobody, IMHO, has ever made this hotel work for the top end guest.

As for FS - the Presidentials are really comfortable, but even these are showing their age in parts. Great views, though, and nice little balconies.
I much prefer them to the Ty Warner Suite.

I think they create these crazily priced suites, like the Ty Warner, for those guests that like to pay more!
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Old Jan 27, 2014, 7:20 am
  #28  
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Originally Posted by vuittonsofstyle
for those guests that like to pay more!
Exact to the point
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Old Jan 27, 2014, 8:51 am
  #29  
 
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Originally Posted by vuittonsofstyle
I once stayed at NY Palace in one of their 3-storey Suites in the Tower, which was meant to impress me because Mick Jagger had once stayed there. It was a ridiculously large space that required its own elevator. The thing that made me laugh was that room service came from the main hotel, so although we had a huge dining table, it arrived on a trolley with a pink tablecloth, cheap cutlery, glasses and catering-style plate covers. The food was no better. Nobody, IMHO, has ever made this hotel work for the top end guest.

As for FS - the Presidentials are really comfortable, but even these are showing their age in parts. Great views, though, and nice little balconies.
I much prefer them to the Ty Warner Suite.

I think they create these crazily priced suites, like the Ty Warner, for those guests that like to pay more!
How ridiculous that they could not properly set the table or come up with better food for a guest staying in a top suite. How do they expect anyone to take them seriously as a high-end option in New York?
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Old Jan 27, 2014, 9:09 am
  #30  
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Originally Posted by MikeFromTokyo
How ridiculous that they could not properly set the table or come up with better food for a guest staying in a top suite. How do they expect anyone to take them seriously as a high-end option in New York?
Agreed.

Years ago they used to have special room service for the top suites from LeCirque.
Obviously that type of tradition left with the restaurant.
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