Would you bet on the "itinerary play"?
The American Mayfair, European pied-à-terres, and a new hospitality business strategy
Hello everyone and happy Friday from sunny Milan.
If you or someone you know is building a CRM for luxury hotels, and you truly understand what “luxury” means, please reply to this email and introduce yourself.
The next podcast episode debuts next week, and it’s a very special one!
Happy Easter weekend,
Nadine
If you’re new here, or want to catch up on the best of The Stanza, I’d recommend that you start here.
Links to the latest podcast episode can be found here.
In today’s newsletter:
Is the ultra luxury hospitality business model as we know it being reinvented?
Could Palm Beach become the American answer to Mayfair?
Why Europe is a better (and certainly more glamorous) market for branded residences.
The restaurant-to-hotel brand play: genius or disaster?
Read previous issues of The Stanza here.
No new listings this week.
Current listings:
For sale: Beachfront 5-Star Boutique Hotel in Mykonos
For sale: Fully-entitled hospitality site in West Hollywood (~45,000 SF)
For all live listings & inquiries (hotels for sale, investment opportunities, open job roles), click here.
Advertise with The Stanza Classifieds: via classifieds@thestanzamedia.com.
The Travellers Club on the Champs-Élysées occupies the Hôtel de la Païva, the last surviving example of the grand private mansions that once lined the avenue. The building was commissioned in the mid-19th century by Esther Lachmann, known as La Païva, a courtesan of Russian origin who had allegedly vowed as a young woman, after being thrown from a carriage onto the pavement of the Champs-Élysées, to one day build the most beautiful house on the street in revenge against all the men who had mistreated her. She eventually secured both the name and the fortune of Count Guido Henckel von Donnersmarck, one of Europe's wealthiest industrialists, who financed a mansion with a construction cost estimated at the modern equivalent of nearly a billion dollars. Auguste Rodin worked as one of its sculptors. Paul Baudry, who would later go on to paint the Opéra Garnier, painted the frescoes. The yellow Algerian onyx staircase remains the only one of its kind in the world. La Païva fled Paris under suspicion of espionage during the Franco-Prussian War and died in Germany at 64, after which the mansion stood empty for decades before becoming the Travellers Club in 1904, a gentlemen's club that, ironically, only recently opened its doors to women.
