1/20/2024 0 Comments Montage hotelsMG: As the branded-residence sector evolves, are you seeing a shift in buyers? More: Storytelling Resonates With Luxury Real Estate Buyers, Says Brown Harris Stevens Executive It’s for environments and locations where Montage might not fit, but where we see the next generation of luxury traveler or buyer. It’s where service meets design, and another model of delivering our service culture. Pendry is a new-luxury brand that caters to world travelers who look at the vibe and energy of a hotel. Montage Hotels and Resorts is classic luxury-refined and sophisticated, unpretentious and personalized. Mansion Global: How do you differentiate the Montage and Pendry brands? Necrason talked to Mansion Global about demands around wellness, shifting needs among buyers, and the ever-growing appetite for branded residences. The sector, which has grown by 230% over the past decade to 580 developments from 133 brands with almost 100,000 units among them, is expected to exceed 900 projects by 2026, Savills said. The global supply of branded residences is set to almost double in the next five years, according to a 2021 report from real estate brokerage Savills. Pendry will soon open residences in Tampa, Florida, and New Jersey. Montage’s includes the Residences at Montage Cay in the Bahamas, set to debut in 2024. The Montage brand has seven hotels and seven residences the Pendry brand has six hotels and two residences. More: A Theater Major Turned Architect on His Approach to Design “From our flagship Montage property in Laguna Beach, all of our hotels have had a residential component,” Ms. The branded-residence business isn’t new for the company, however. There’s an acceleration both in pricing and an acceleration of strategy to leverage what’s going on.” “What drives the general real estate market also drives our business. Montage and Pendry “have a $5 billion branded-residence portfolio, and it’s growing,” Tina Necrason, executive vice president of residential for Montage International, told Mansion Global. properties, Pendry’s also made branded residences a significant part of its growth. In 2017, the company launched a less traditional sibling brand, Pendry, to appeal to younger buyers with growing wealth. Today, the brand operates seven hotels across the Americas, all of them with residences as part of the mix. WARNING: THE CALIFORNIA BUREAU OF REAL ESTATE HAS NOT INSPECTED, EXAMINED OR QUALIFIED THIS OFFERING.A relatively young player in luxury hospitality, Montage International launched in 2003 with one oceanfront property in Laguna Beach, California. THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. Obtain and read the New Jersey Property Report before signing anything. Registration does not constitute an endorsement of the merits or value of the property. This property is registered with the New Jersey Real Estate Commission. Obtain and read the Connecticut Property Report before signing anything. Palmetto Bluff: is registered with the State of Connecticut. This is not an advertisement or solicitation to purchase or sell property in states where prohibited by law. No Federal agency has judged the merits or value if any, of this property. Obtain the Property Report required by Federal law and read it before signing anything. Each of those licenses may be terminated or may expire without renewal, in which case neither the applicable Residential Units nor any part of the corresponding Project(s) will be identified as a MONTAGE- branded project or have any rights to use the Trademarks. The owners and developers of the Projects use the MONTAGE brand name and certain other Montage trademarks (collectively, the “Trademarks”) in connection with the sales and marketing of the Residential Units in the Projects under limited, non-exclusive, non-transferable and non-sublicensable licenses from Montage. The projects described herein (the “Projects”) and the residential units located within those Projects (the “Residential Units”) are not owned, developed, or sold by Montage Hotels & Resorts, LLC or its affiliates (collectively, “Montage”) and Montage does not make any representations, warranties or guaranties whatsoever with respect to the Residential Units, the Projects, or any part thereof. Should you choose to use the residential link, you assume responsibility for use of the website and pages to which you are linking. When clicking to review Montage Residences destinations you may be leaving the Montage Residences website to connect to a third-party developer website.
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