Sold as Fractional and Wholly-owned Hotel Condominiums
WHITE PLAINS, N.Y. - --March 7, 2006 -- St. Regis Hotels & Resorts, the world-renowned luxury hotels and resorts brand, announced the unique opportunity to call The St. Regis® Hotel, New York your home in Manhattan. In 2006, four full floors (8 - 11) of the legendary property will be offered as exclusive residential dwellings. "Prompted by our guests' reluctance to leave The St. Regis Hotel, New York, we are delighted to introduce an exclusive number of fractional and wholly-owned hotel condominium residences which further extend the St. Regis lifestyle," stated Kerry Hatch, President of St. Regis Hotels & Resorts.
The St. Regis Hotel, New York is revered as one of the finest addresses in the world. The hotel's luxurious Beaux Arts exterior, dramatic public spaces, richly designed guest rooms and impeccable service create a luxurious, residential environment, while personal butlers attend to every wish and desire. While many years ago, guests including Salvador Dali, Babe Paley and Marilyn Monroe once "lived" at The St. Regis Hotel, New York for extended periods of time, it is the first time any of the deluxe guest rooms or suites in the Beaux-Arts building will be available for sale.
The introduction of St. Regis Residence Club, New York, Inc. follows the phenomenal success of the St. Regis Residence Club, Aspen, the first fractional offering from the ultra-luxe St. Regis brand which set a new benchmark for luxury fractional sales when a four-week membership was sold for over $1 million. St. Regis Residence Club, New York will be located on the 8th and 9th floors of the hotel, and will offer 22 deluxe studios, one or two bedroom suites with membership sold in 28-day increments. Additionally, two full floors of wholly-owned St. Regis Residences(SM) will occupy the 10th and 11th floors. Sales of both residential offerings are underway with expected occupancy of Summer 2006.
"The St. Regis Residence Club, New York will be an exceptional opportunity for a limited few to own part of this landmark property. The St. Regis Residence Club, New York will redefine customer service and luxury in the fractional market," said Raymond L. "Rip" Gellein, Jr., Chief Executive Officer of Starwood Vacation Ownership.
The St. Regis Residences and The St. Regis Residence Club, New York, as well as the hotel's stately guest rooms and suites, have been redesigned by noted interior designers Sills Huniford, known for their work with such clients as Tina Turner and Vera Wang, and will be offered to potential buyers in two color schemes: steel blue-green and yellow saffron daffodil. The design team, recognized worldwide and celebrated by major design publications for their extraordinary sense of space, color, texture and style, have created timeless spaces that embrace the legacy of the St. Regis of unsurpassed luxury and trademark sophistication. All St. Regis Residences will feature silk draped canopy beds, deeply carved crown moldings, crystal chandeliers, marble bathrooms with double sinks, private shower stalls and the most updated technology available today.
The St. Regis Residences and The St. Regis Residences Club, New York will have exclusive access to the hotel's sumptuous amenities and trademark service, including St. Regis butler service, world-renowned concierge team, famed King Cole Bar & Lounge®, and the new luxurious Remede® Spa and fitness center, just to name a few.
For St. Regis Residence Club, New York sales inquires, please call 212/835-9100 or visit www.stregisresidenceclub.com. For St. Regis Residences sales inquiries, please call 212/350-7137 or visit www.stregisresidences.com.
St. Regis Hotels & Resorts includes the most celebrated properties in the world. Founded by John Jacob Astor with landmark St. Regis Hotel, New York over a century ago, the company will unveil highly anticipated St. Regis properties in Bora Bora, French Polynesia (2006) Fort Lauderdale (2006), Anguilla (2007), Mexico City (2007), Punta Mita, Mexico (2007), Singapore (2007), Atlanta (2008) Bal Harbour, FL (2008) and Deer Valley, UT (2008) that will further enhance the brand's legacy. Personalized service and amenities, enviable locations and luxuriously localized design are recognized worldwide as hallmarks of the St. Regis experience. For more information on St. Regis Hotels & Resorts, please visit www.stregis.com.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT - News) is one of the leading hotel and leisure companies in the world with approximately 850 properties in more than 95 countries and 145,000 employees at its owned and managed properties.
This press release contains forward-looking statements within the meaning of federal securities regulations.
This advertisement is not an offering. No offering can be made until an offering plan is filed with the office of the attorney general of the state of New York. This advertisement is made pursuant to cooperative policy statement no. 1 issued by the New York State Attorney General. File no. Cp-04-0121. Sponsor: Fifth Avenue Hotel Suites, LLC, 1111 Westchester Avenue, White Plains, New York 10604.
St. Regis Hotels & Resorts
Starwood Vacation Ownership, Inc.
|Also See:||Former Executive of GoodTimes Entertainment and American Express Named President of St. Regis and The Luxury Collection; Kerry D. Hatch Joins Starwood as Highest Ranking Female / October 2005|
|Mexico Developers DINE and Ideurban Joint Venture with Starwood to Build a St. Regis Resort in Punta Mita, Mexico / December 2005|
|A Four-week Fractional Membership at St. Regis Residence Club Aspen Sells for More than $1 million, New Benchmark for the Industry / February 2005|