The Tallest, Most Expensive Building in Bangkok Will Have You Living in a Hotel

Discussion in 'Luxury Hotels' started by uggboy, Sep 19, 2011.  |  Print Topic

  1. uggboy
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    uggboy Gold Member

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    The Tallest, Most Expensive Building in Bangkok Will Have You Living in a Hotel:)

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    Staying for a few nights in a hotel is one thing, but buying into that lifestyle and staying for a portion of your life in one is another matter entirely. Fortunately for hotels, people dream of doing this very thing, hence the rise of hotel-style apartment living (beaucoup amenities), or just plain hotels with condos thrown on top.

    When they're completed next year, Bangkok's Ritz-Carlton Residences should steal the top spot in the luxury dream of those who would give their right arm to occupy a hotel suite. In addition to the being the tallest and most expensive skyscraper in Bangkok's skyline, the 200 Ritz-Carlton Residences at Maha Nakhon will compliment an actual "boutique hotel"—ah hem The Edition Bangkok—also housed in the architecturally mindboggling building.

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    Now for the prices: the smallest united in the Ritz-Carlton residences will jump off around $890,000. Although if you're a big shot who maybe is having your assistant read this aloud to you and you won't settle for anything less than the Penthouse, be prepared to smack down $11.25 million. Room rates for The Edition Bangkok? No idea on these yet, but rest assured we'll keep you posted (even though we're quite sure this project will be massively delayed).http://www.hotelchatter.com/story/2...ng_in_Bangkok_Will_Have_You_Living_in_a_Hotel
     
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  2. TRAVELSIG
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    TRAVELSIG Gold Member

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    Strange to quote prices in USD in BKK. So.. 890K @ 30 BHT/USD... wow that is pretty high prices for an entry level in Bangkok. It would also be interesting to see the monthly fees. For what its worth, I saw a condo in a building built in 2001 with a great location and views near the Emporium and walking distance (2 minutes) to BTS. Rennovated fully this year. Excellent kitchen. 3 bedrooms. 2.5 baths. Large patios. Great facilities. Total size ~170 square metres= ~1550 square feet plus patios. Less than 350K USD, and there was a bit of negotiation room. Go a couple of kms away from the BTS and the prices drop another 40%.

    I agree on the project massively delayed comment by the way.
     
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  3. JohnDeere19
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    JohnDeere19 Gold Member

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    Wow, so really high prices but the building does look amazing. Can't wait to see what some of the interior looks like!
     
  4. TRAVELSIG
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    Perhaps- however I suspect with those type of prices in Bangkok the buyers will have their own interior designers/architects and the developer will just sell "bare walls" as happened with some of the super high end areas sold above the St. Regis. Bangkok is a great market to invest in for apartments- but this high end type of development really has limited appeal IMHO (of course I am sure many differ from my opinion).
     
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  5. MSPeconomist
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    With these condo-hotel developments, I would worry what happens if the hotel doesn't succeed. Also, will the fees for joint facilities be fairly allocated between condo association and the hotel that runs it.
     
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  6. TRAVELSIG
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    Excellent questions. The investors in the Four Seasons Aviara who now own a condo in the Park Hyatt may have reason to wonder if this change increases/decreases their value. Fees also could be quite the discussion- especially in the case of shared facilities which required staff.
     
  7. cennas
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    cennas Gold Member

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    The building does look stunning :)
     
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  8. uggboy
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    uggboy Gold Member

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    I thought so too!:)
     
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