By Kathy A. McDonald
Why Marriott, Hilton and Hyatt Don't Actually Own Most of Their Hotels | WSJ The Economics Of
Homebuyers in the Los Angeles area can enjoy a luxury resort lifestyle every day. From Pacific Ocean-facing Rancho Palos Verdes to West Hollywood’s Sunset Boulevard to the heart of Beverly Hills or downtown, luxury hospitality properties offer glitz and luxury to property seekers.
These developments allow homeowners to check into luxury abodes with a host of hotel-like amenities without ever checking out. They include the Ritz-Carlton Los Angeles and Montage Residences (now the Maybourne), which are leading the trend toward high-end permanent hotel living. Newer entrants include the standalone Rosewood Residences (occupancy in late 2024) and Mandarin Oriental Residences, both in Beverly Hills — but without on-site hotels. Others, like the Pendry Residences in West Hollywood and Terranea in Rancho Palos Verdes, are just steps from their namesake hotels. According to the RubyHome Luxury Real Estate website, there are more than 65 of these premium condos for sale in the L.A. basin.
“The DNA of the brand is service-oriented,” Tomer Fridman explains of the “estate-like” Rosewood Residences. “These are not designed as pied-à-terres; these are designed as estate alternatives,” he says of the 17 units, located on Little Santa Monica off Charleville Boulevard in Beverly Hills’ famed Golden Triangle. Fridman and partner Sally Forster Jones, of real estate firm Jones Fridman International at Compass, are representing the properties.
