real estate – La Maison Cendrière Wed, 16 Mar 2022 00:35:41 +0000 en-US hourly 1 real estate – La Maison Cendrière 32 32 Houston Resort-Worthy Homes – Take a Look at Real Retreats Wed, 16 Mar 2022 00:35:41 +0000

OWith so many people still reluctant to travel too far from home, and with many in Houston in the midst of spring break, it’s only natural that minds will turn to vacations. Not the kind you book in a quaint Victorian in The Heights or a luxury suite at the Granducca Hotel.

Rather, we are talking about a rather permanent stay – in a house that consists of living in a complex without leaving the city. There are homes for sale in Houston that could make any day a vacation with resort-worthy settings. Let’s take a look at some of Houston’s most popular real estate listings:

802 East Friar Tuck Lane

The master suite at 802 E. Friar Tuck has a soaking tub as grand as any you’ll find in a Mandarin Oriental hotel. (Photo by TK Images)

Behind the gates of this nearby Memorial neighborhood awaits a 10,200 square foot residence that is an oasis of luxury in the hubbub of Houston. The new construction home could be a dream full-time getaway, the ultimate vacation spot with enough resort-style amenities to discourage ever leaving. The expansive heated pool and spa serve as the backdrop for harmonious indoor-outdoor living with outdoor amenities including a fireplace, summer kitchen and full sports court.

DeeDee Guggenheim Howes of Compass has the list with the asking price at $6,295,000.

3842 Rock Piping

Piping Roche 3842 IMG 81_1_1
The resort-style master bathroom at 3842 Piping Rock

Architect Scott Strasser designed this modern 5,000 square foot home that practically screams “resort living.” Floor-to-ceiling glass walls open to create a sophisticated indoor-outdoor living space reminiscent of Bahamian resorts. And the spa-like master bathroom is connected to a private open-air atrium and features a large soaking tub, walk-in shower, and something you don’t usually find at a resort, a fabulous cupboard. In addition, the side yard features a living and dining room, a grass lawn, a modern and elegant swimming pool and a summer kitchen.

The five-bedroom home with office, extra room and wine cellar is listed at $3,780,000 with Lisa Kornhauser of Compass.

607 Havard

Several entertainment areas surround the pool at 607 Harvard Street in The Heights.

The double lot of this retreat in The Heights offers the feeling of leaving Houston behind and with the ability to walk to all neighborhood favorites such as Coltivare and Donovan Park, you won’t feel like you’re in the city that worship the automobile. Speaking of cars, extras here include an electric vehicle charging connection and a whole-house generator. Nine stained glass windows and skylights add to the allure.

The 3,760 square foot home is listed for $2,157,000 with Ashley Day of Compass.

Hall of Fame Resort & Entertainment Company Announces Fourth Quarter 2021 Earnings Release Date | News Tue, 01 Mar 2022 21:06:34 +0000

CANTON, Ohio–(BUSINESS WIRE)–March 1, 2022–

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW), the only resort, entertainment and media company focused on the power of professional football, will report its fourth quarter fiscal 2021 results for the period ended on Monday. on December 31, 2021. , on March 14, 2022, after markets close on the Nasdaq. The Company will host a conference call on Tuesday, March 15, 2022 at 8:30 a.m. ET, to provide comment on the business.

Investors and all other interested parties can access the live webcast and replay on the Company’s website:

About Hall of Fame Resort & Entertainment Company

Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Based in Canton, Ohio, Hall of Fame Resort & Entertainment Company owns Hall of Fame Village powered by Johnson Controls, a multi-purpose sports, entertainment and media destination centered on the Pro Football Hall of Fame campus. Famous. Additional information about the Company is available at

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CONTACT: Media/investor contacts:

For Hall of Fame Resort & Entertainment Company

Media inquiries:

Investor inquiries:



SOURCE: Hall of Fame Resort & Entertainment Company

Copyright BusinessWire 2022.

PUBLISHED: 03/01/2022 16:05 / DISK: 03/01/2022 16:06

Copyright BusinessWire 2022.

You Can Buy This Entire Vacation Resort In Northern Ontario For $5 Million Sat, 26 Feb 2022 09:14:59 +0000

For about the same price as a luxury three-bedroom condo in Rosedale, an office space in Moss Park, or even an empty lot in Hoggs Hollow, you could potentially own a private waterfront estate. water with six cabins, a beach, a marina, a restaurant, several boats and a magnificent 12,000 square foot pavilion on Lake Nipissing.

That’s real estate in Ontario, for you — completely unbalanced, especially when comparing property prices in and around Toronto with those in Northern Ontario.

The property I have my eyes on today isn’t cheap at $4,999,000, but it’s a complete four-season resort (or “family resort,” for wealthier buyers.)

“Even the most diehard city dweller might find it hard to resist the urge to visit our stunning Nipissing Retreat/Family Compound!” reads a listing for the idyllic 32-acre estate at 513 Lemieux Road. in Monetville, Ontario.

“This spectacular property is nestled against a breathtaking backdrop of Northern Ontario and complimented by the crystal clear waters of a protected cove on the West Arm of Lake Nipissing. A truly rare private lakefront estate.”

Private, unless you want to earn extra money by renting out your winterized cabins to 40+ people at a time.

513 Lemieux RoadSummer, winter, spring and fall, it seems.

513 Lemieux RoadThe estate currently operates as Saenchiur Flechey Resort, offering “friendly service, well-appointed accommodation and a host of activities to delight the whole family”.

513 bestA lengthy description of the property on real estate agent Kimberly-Ann Narozanski’s website suggests the resort’s owners are selling everything, calling it a “turnkey business” for ambitious buyers who want to keep the resort running. or, better yet, restore it to full capacity.

513 bestAs it stands, the resort business is only partially operational – the majestic main lodge has been moved into a home for the current owners of the property, but functioned as a full amenity space on three levels with a conference center, bar and “top commercial kitchen.”

513 bestAccording to the listing, the lodge once hosted events, conferences, weddings, regattas and banquets, as well as its own “five-star, four-season restaurant.”

513 bestInside the lodge there is also a bar. . .

513 bestA training room (I don’t know if the inversion table or the massage chair are included in the price of the property)…

513 bestA “private bunker place for wine stains”…

513 bestAnd a dedicated “pub and games room”.

513 bestThe main lodge also has a self-contained owner’s suite and on-site apartments that can be used as staff quarters or additional rental space.

513 bestNostalgic dream terms dot the list: “Canadian stone hearth”, “Douglas fir post and beam construction”, “Multi-screen decks with many enclaves”.

513 bestI could also come on board with a large legal household…

513 bestSauna Slash, hot tub, boardwalk, beach, boat launch…

513 bestYes, this place would make a great summer camp for adults.

513 bestYou can get a better look at the entire estate with this non-embedable drone video, and the real estate agent can send you a full list of chattels if you really have $5 million and are seriously considering a move. buy this magnificent property.

You won’t be able to sunbathe on the docks all day and expect this place to run on its own – lots of moving parts and probably people you should hire – but it looks like a really nice place to spend 100 % of your time. time, if I have to choose a place.

Perfect for another pandy, if you have the resources and tons of Carhartt in your closet.

Curator Hotel & Resort Collection selects TipBrightly and TipYo to provide mobile tipping solutions | national Thu, 24 Feb 2022 13:17:15 +0000

BETHESDA, Md.–(BUSINESS WIRE)–February 24, 2022–

Curator Hotel & Resort Collection (“Curator”) today announced preferred partnerships with TipBrightly and TipYo to provide member hotels with access to innovative cashless tipping solutions. These new partnerships will bring a host of benefits to Curator members, including allowing staff to be tipped faster, providing a fast, cashless tipping option for guests, and boosting employee morale.

“At a time when hotels are working so hard to hire and retain quality staff members, we believe it’s more important than ever to recognize and reward exceptional service,” said Austin Segal, vice president of conservative. “We look forward to partnering with TipBrightly and TipYo to provide our members with a contactless, cashless tipping solution for customers and staff.”


TipBrightly is an award-winning platform that leverages existing mobile payment technology to allow guests to scan the unique QR code that staff members provide and send tips quickly and seamlessly, during or after their stay. Payments are securely processed through Stripe and deposited to the employee’s bank account the day after service. Customers can also leave a comment with their tip, which increases employee morale and encourages positive dialogue between managers and staff. A receipt is generated instantly, making it easier for business travelers to submit tips for reimbursement.

“TipBrightly is very proud to partner with Curator Hotel & Resort Collection to deliver a solution that views tipping not as a transaction, but as a cycle of appreciation that we can enable through our technology,” said Elle Rustique. , CEO of TipBrightly. “At its core, I believe tipping should be fueled by awareness, appreciation and recognition of the service provided. We believe TipBrightly’s cashless tipping experience will help employees feel valued – and everyone, no matter their job, deserves this experience.


TipYo is a mobile tipping platform that was created to allow travelers to continue expressing their gratitude to service personnel in today’s cashless economy. TipYo seamlessly integrates with member hotel payment systems and offers multiple tip acceptance channels, including web, mobile app, or hotel app integration. Customers can access these channels by downloading the app, following a link or scanning a QR code. 100% of the tip goes to the employee and there is never a guest charge.

“With over 20 years of notable experience in mobile payments, our team created TipYo to meet customer expectations for contactless payments,” said Brian Walsh, Founder of TipYo. “The results of the TipYo platform reflect an average tip of $11, which clearly increases the take-home pay of employees. I’m honored that TipYo has been selected as a preferred vendor by Curator Hotel & Resort Collection, and I look forward to working with their incredible collection of independent lifestyle hotels to provide a cashless tipping solution.

About Curator Hotel & Resort Collection

Curator Hotel & Resort Collection is a distinct collection of small, hand-selected brands and independent hotels and resorts, founded by Pebblebrook Hotel Trust and a group of industry-leading hotel operators. Curator provides lifestyle hotels with the platform to come together and leverage cost reduction agreements, new products, services and technologies, and benchmarking reports while allowing their members the freedom to retain this that makes their hotels unique. In addition to Pebblebrook, founding members of Curator include Davidson Hospitality Group, Noble House Hotels & Resorts, Provenance, Sage Hospitality Group, Springboard Hospitality and Viceroy Hotels & Resorts. For more information, visit and follow us on @CuratorHotelCollection.

About TipBrightly

An award-winning solution, TipBrightly has been recognized by Skift, The New York Times, Nasdaq and Hospitality Technology for its innovative way to help cashless hotel guests tip using their phone, making the experience of expressing appreciation quickly and easily. , and hassle-free. Built specifically for the hotel and hospitality industry, TipBrightly is a three-way platform that provides businesses and their employees with a complete tip collection, remittance, and tracking system. For the first time, customers can use Apple Pay or Google Pay and receive a receipt for a tip.

Unlike mobile payment apps like Venmo and CashApp, TipBrightly adds value and functionality to the tipping process, integrating digital tipping, instant real-time customer feedback, and business intelligence. TipBrightly also does not require the guest to download a mobile app or create an account. Tipping is also anonymous, keeping tipping discreet and optional in hotels. TipBrightly takes a personalized approach to implementation, offering personalization of requested feedback and alignment with hotel branding, whether independent or part of a global chain. For more information, visit

About Tip Yo

TipYo is a full-service mobile tipping solution designed for the hospitality industry. We partner with hospitality companies to ensure travelers can express their gratitude to service staff in our cashless economy. Available in hotels across the country, customers use TipYo to tip hard-working hospitality employees with just a few taps on their phone. TipYo is the safest and most convenient way for customers to safely tip in a time when social distancing is the norm and the use of cash is decreasing.

Customers who want to tip will never again face what Bloomberg News has called the “universal travel faux pas”: having no money in your pocket when you want to tip. Customers are always generous and with TipYo, the amount of their tip does not depend on the bills they have in their wallet. In addition, 100% of the tip goes to the employee, which increases his net salary. Our high tip average of $11 exceeds the cash-only tip average. TipYo is an affordable HR benefit that helps hire and retain employees. Our solution is designed to meet the needs of our hotel partners through our customer interfaces (app, web version or hotel partner app integration), QR codes, extensive reporting, marketing support, tip matching, and more! For more information, visit

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE:PEB) is a publicly traded real estate investment trust (“REIT”) and the largest owner of city and resort hotels and resorts in the United States. The Company owns 53 hotels and resorts, totaling approximately 13,200 rooms in 15 city and resort markets. For more information, visit and follow us at @PebblebrookPEB.

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CONTACT: Media Inquiries:

Melanie Neff 305-677-3904 ext. 23 ( For independent owners and operators wishing to join the curator:

Jennifer Barnwell 240-507-1338 (

Jenn Parks 240-660-9483 ( businesses and service providers interested in partnering with Curator:

Austin Segal 240-660-9428 (



SOURCE: Curator Hotel & Resort Collection

Copyright BusinessWire 2022.

PUBLISHED: 02/24/2022 08:17 AM/DISC: 02/24/2022 08:17 AM

A Wave of Bankruptcies and Foreclosures Appears to be Building Sat, 12 Feb 2022 09:30:06 +0000

Economists and professionals in the restructuring sector of business and real estate have been anticipating a distressed economy for the past 18 months.  Thus far they have been wrong.

The public is just plain confused.  Many people today don’t trust their politicians, their news sources and, surprisingly, not even their health care providers and professionals.  This lack of trust, coupled with the pandemic-driven mandated way in which many employees work remotely, has caused many people to reassess their lives and the location from which they are willing to provide their services. 

Many employees holding mid-and upper-level jobs will opt to permanently work remotely and never return to the office.  This shift in the way people will work in the future will have a profound effect on many aspects of our economy, including the ability of landlords to keep commercial spaces leased. 

Factors Influencing the Current Economy

COVID-19, the Delta, Omicron variants and now the highly contagious BA.2 variant have caused millions of workers to be unavailable for work, either remotely or otherwise. This has created a serious supply and distribution chain disruption.  This problem is caused in part by manufacturers not being able to supply component products due to worker disruptions in factories.  Add to this supply shortage the fact that personnel disruption in the transportation and delivery of products caused by COVID (i.e., the shortage of truck drivers) and we can clearly see the full picture of the disruption in the supply chain.

The threat of a substantial new round of tariffs, embargoes and other economic sanctions based on the political climate creates further risks of the U.S. becoming a distressed economy. In addition, there is a looming threat of high inflation. On the positive side, until recently the stock market and overall economy were generally clicking along at a solid and positive pace. The stock market doesn’t always accurately represent what is really going on in the economy, but recent market volatility may be a harbinger of troubled times ahead.

Will the accumulation of these factors ultimately cause the predicted distressed economy?  No one knows for sure, but in analyzing the situation it may be instructive to look at the issues that have prevented the anticipated downturn.

Banks and Banking

Since the pandemic began, regulators have not been pressuring banks to take action with respect to defaulted loans.  Historically, banks have been willing to “kick the can down the road” with respect to defaulted loans if they could do so without significantly impairing the accounting value of the loans with respect to the banks’ capital requirements.  Regulators’ current attitudes have allowed the banks to do just this.

While the regulators’ laissez-faire attitude has had a definite positive short-term effect on the economy, at some point the regulators know that the effect of their actions will cause banks to have misleading financial statements.

It is not likely that regulators’ behaviors will change before the midterm elections later this year.  At some point, however, they will have to stop allowing banks to avoid classifying loans. Otherwise, they risk allowing the banking system to continue to mispresent the value of its loan assets, with all the risks of that situation impacting the creditability and stability of the banking system. 

It is my view that when the bank regulators change their position with respect to their treatment of defaulted loans, an anticipated tsunami of real estate foreclosures and bankruptcies will be upon us.

Additional Factors to Watch

Interest rates have historically had a substantial impact on the economy, especially the real estate sector.

The Feds have kept interest rates at almost zero to support the economy.  Now, however, the specter of high inflation will almost certainly bring an end to near-zero interest rates.  Annual inflation during 2022 is projected to be close to 7%.  The Fed has already announced its intention to fight inflation by raising interest rates as early as in March. The issue is not whether interest rates will rise.  Rather, it is by how much and when.

Rising interest rates hurt individuals in many ways:

  • The most obvious is that they make housing less affordable.  As interest rates rise fewer and fewer people will qualify to buy their own homes.  Present homeowners with variable-rate mortgages will also be negatively impacted by interest rate increases.
  • Rising interest rates also negatively impact the profits of businesses. This will impact the stock market, and therefore the value of stocks in individual IRAs and 401(k)s.
  • Major shifts in the way people work will result in winners and losers.  Time will tell how this will play out, but it is certainly looking like the economy will be disrupted.

Pressures on Businesses Pile Up

The re-emergence of COVID in the form of the current variants has all but destroyed the timetable for society’s return to normalcy.  There is no reliable way to predict the effect of this re-emergence on the psyche of the country.  It is predictable, however, that this re-emergence will negatively impact the economy, and will further delay a return to normalcy.

In fact, it is likely that normalcy, as it existed pre-pandemic, will never fully return. Trends like the shift of consumers primarily conducting their shopping online will have a negative effect on brick-and-mortar retail sales. The need for retail space seems poised to continue to decline even more than it has already. This problem has been accelerated by the pandemic.

Owners of shopping centers and commercial buildings are girding for the rash of vacancies that are most assuredly on the horizon.   Individuals would be well advised to assume inflation and higher interest rates are on the near horizon and should act in any way possible to mitigate the harm to them from the looming dual threat.  It is uncertain how federal, state, and local governments will react to the situation.

Uncertainty is the enemy of business, and it is clear we are facing uncertain, unpredictable times.  The public’s general perception of all of this is yet to be seen. There is much distrust by the people of our nation. These factors will combine to create a perfect storm for companies and real estate investors to experience increasingly distressed financial times.

Steps to Consider

 The best advice we can offer is for entities to deal with their distressed assets early on.

  • For homeowners, interest rates will almost certainly increase in the near future.  If a homeowner can refinance his or her mortgage to take advantage of the current low interest rates, that course of action should be considered.
  • For consumers, accelerating the timing of any major purchases will make sense since the looming inflation will make the dollar worth less and less and make the effective cost of an item more expensive as time passes.
  • Individuals should also consider exiting the stock market or minimizing their stock portfolios as soon as possible. Conversion of stock to cash is not a good strategy during a time when the value of the dollar will steadily decline. Conventional wisdom dictates that investment in precious metals, such as gold and silver, is a safe harbor.  Thus, selling stock and buying gold and silver makes sense.
  • Business owners should analyze their businesses based on the assumption that the near future will bring high inflation, high interest rates and a continuation of supply chain disruption.  It is prudent to take steps to restructure the business in a way that will mitigate the damages if those future assumptions come to pass.   

The general public will be looking at inflation and rising interest rates and will react accordingly. The earlier people and businesses accept and respond to these changes, and react appropriately, the more likely it is that Chapter 11 bankruptcies can be avoided. This not only increases the chances that companies can resolve their financial issues without resorting to bankruptcy, it often reduces the need for employee layoffs.

Founder and President, Distressed Capital Resources LLP

William N. Lobel is the Founder and President of Distressed Capital Resources LLC, a company that has brought together virtually every resource available to assist borrowers with financially distressed real estate or businesses, with the goal of maximizing a borrower’s leverage and options in order to successfully resolve that borrower’s financial issues.

Profitability of short-term rental brings investors to Heritage Harbor Resort in Ottawa – Shaw Local Fri, 04 Feb 2022 19:02:44 +0000

Savvy investors looking to diversify their portfolios and generate monthly income turn to Heritage Harbor Resort in Ottawa, a popular vacation destination just 90 minutes from Chicago along the Illinois River in Starved Rock Country.

“We’ve had a tremendous increase in the number of buyers who want a solid, profitable investment that gives them an income-generating option outside of the volatile stock market,” said Pierre Alexander, Marketing Director of Heritage Harbor Resort. “Companies such as Airbnb and VRBO have brought the short-term rental market into the mainstream, making it easier than ever for investors to profit from real estate ownership. Rather than being tied down by leases to term, landlords can capitalize on local demand for short-term and vacation rental accommodation.

Centered around a 182-berth marina, Heritage Harbor comprises several distinct neighborhoods, offering villas, cottages, low-maintenance single-family homes and luxury custom residences. The community also includes the Red Dog Grill Restaurant, Tiki Bar and Beach and numerous neighborhood pavilions and pools.

Heritage Harbour’s newest neighborhood, Navvy Town, is ideal for investors with six two-story Lock Tender Cottages priced at $309,000 available for spring delivery. These homes feature 1,150 square feet of living space with two bedrooms, 2 1/2 baths and an open concept kitchen and living room plus an option to finish the full basement

Canal Quarters Mansion apartments, starting at $200, are also available and consist of 580-square-foot one-bedroom condominiums with four in one building. Two-bedroom carriage houses will be offered in the future. Navvy Town will also include a water feature and recreation room for games, movie nights and other family fun.

“Where a long-term rental of 30 days or more might generate, say, a monthly income of $1,800, the same property that a short-term rental of $250 per night would generate an income of $7,500 in the same 30-day time frame,” Alexandre said. “We do the marketing, manage reservations, cleaning and maintenance and more to make the investor rental process seamless. This year’s summer bookings are already picking up pace, so owners who join the program and start renting now can enjoy an immediate return on investment.

In addition to Navvy Town, Port Place, a maintenance-free 12-home enclave, offers two-story ranches and homes, with main-level master suites ranging from 1,196 to over 2,287 square feet, with prices starting at $370. The houses are centered around a common gathering area, which will include a fire pit and benches.

The West Peninsula, starting at $400, offers single-family ranch, two-story, and first-floor master bedroom cottages ranging from 1,490 to over 2,290 square feet with two to four bedrooms, two to four bathrooms baths, charming porches, guest suites, second-floor bunk rooms, optional basements, and attached or detached garages.

Buyers of custom single-family homes will want to visit Pinnacle Pointe, a waterfront neighborhood with its own pool and clubhouse. Luxury ranch and two-story designs, ranging in price from $800 to over $1 million, are available or buyers can choose to purchase a residential site and use their own builder. Homes range from 1,705 to over 3,512 square feet with three or four bedrooms, two to 3 ½ bathrooms, and two-car garages. Homes can include open concept kitchen and family rooms, screened porches, finished basements, suites and decks.

“Short-term vacation renters want an experience and Heritage Harbor delivers that,” Alexander said. “Boating, water skiing, kayaking, fishing and more are right outside your door with numerous golf courses nearby as well as Starved Rock State Park known for its scenic hiking trails, waterfalls, its sandstone canyons, tram excursions and river cruises. Downtown Ottawa offers restaurants, shopping, festivals and other entertainment.

The community is across the street from the 97-mile I&M Canal bike path and boat and kayak rentals are available on-site. Additionally, the Heritage Harbor Activities Director plans year-round events for residents and guests, such as live music on weekends, special neighborhood events and holiday gatherings as well as classes. crafts and cooking, organized group tours and the weekly, Saturday 5K walk and run.

Heritage Harbor is located at 111 Harbor View Drive in Ottawa. Please call (815) 433-5000 ext. 1 to schedule an individual appointment or email Enjoy a virtual community drive-in by visiting

]]> Delano South Beach Hotel holding clearance sale Fri, 28 Jan 2022 19:07:30 +0000

A man looks through a room full of items for sale during the ongoing clearance sale at the Delano Hotel.  They sell everything from white canapes to sushi tables.

A man looks through a room full of items for sale during the ongoing clearance sale at the Delano Hotel. They sell everything from white canapes to sushi tables.

Spoiler alert: The Delano South Beach as you remember it is long gone.

Once the painfully hip destination for locals and foreigners alike, the 191-room beachfront property is undergoing a liquidation sale as new owners prepare to take over.

In November 2020, the 75-year-old boutique property was purchased for an undisclosed sum by Connecticut-based Eldridge from hotel management giant SBE Entertainment Group. Cain InternationalEldridge’s real estate investment firm, was nominated for “carry out a strategic repositioning” of the hotel.

Miami Beach, Florida, January 27, 2022 – Small refrigerators and chandelier covers along with many other items are on sale during the ongoing clearance sale at the iconic Delano Hotel. Jose A Iglesias

At the time of the sale, the Delano – known for its hip, clean and understated decor thanks to a 1995 makeover by Ian Schrager and Philippe Starck – had been closed for months since COVID-19 hit the United States for the first time.

Near the rear entrance to the huge pool area is a sign dated March 20, 2020, around the time the world stopped: “The safety and well-being of our staff and our guests are our top priority,” he says. “We sincerely apologize for these developments and hope to welcome you back to the property soon.”

Now someone else is running the show, temporarily, to clean up the place and make way for a new owner: based in Dayton, Ohio International Content Clearances holds a public sale until literally everything is gone. Costing $5 for admission, the event started last weekend, so a lot of the amazing stuff has gone missing, but ICL spokesperson Nicole Kabealo said they’ll be sticking around until the end. bitter.

A toilet on display during the ongoing clearance sale at the iconic Delano Hotel. They sell everything from white canapes to sushi tables. Jose A Iglesias

“There’s still a lot of stuff here,” she said. “Everyone who enters leaves with something.”

The Starck-designed lobby is still majestic, with its high ceilings and white-on-white decor. But “For Sale” stickers are affixed to literally everything, from lamps to sofas and bedside tables to computer equipment and fancy martini glasses at the iconic wood-panelled Rose Bar.

Prices aren’t bad, even with our current runaway inflation; they range from $1 for a plastic ice bucket in the bathroom to $20 for a toilet to $4,500 for the central marble sushi table, once a famous gathering place. Decor-conscious homeowners could easily recreate the Delano’s glory days in their living room with a few purchases.

Victoria Moore folds up one of the curtains she just bought during the liquidation sale of the iconic Delano Hotel. Jose A Iglesias

Yes, you might be able to tear off an impressive morsel or two, but seeing the once-glorious Delano in such vulnerable condition might make you feel like someone is slicing onions in your neighborhood.

During a visit on Thursday morning, some of the spectacular floor-to-ceiling curtains were tucked away in boxes as workers trucked packed carts and carts by truck across the once-gleaming tile floors.

In the so-called orchard, site of many fashion shows, selfie sessions or expensive fruity cocktails, the famous chess game was gone. In its place is dirt that looks like a freshly dug grave.

Fortunately, the Starck-designed sculpture remains in the family. Local publicists Tara Solomon and Nick D’Annunzio bought it for $350. On an Instagram post, D’Annunzio posted a photo, calling it “a real piece of Miami Beach history.”

“The Delano holds many special memories for me, from opening night to Nick and my first New Year’s Eve together,” said Solomon, of [nightlife queen] Susanne Bartsch’s legendary birthday will ring in the year 2000. The couple plans to set up the set at their Palm Springs vacation home.

The longer the sale lasts, the more likely you are to haggle, says ICL’s Kabealo, who adds that the priceless collection of furniture and objects by Gaudí, Man Ray, Dalí and Charles and Ray Eames are not included in the sale. liquidation.

The outdoor furniture is on sale during the clearance sale taking place at the iconic Delano Hotel. Jose A Iglesias

For a little more nostalgia (or morbid curiosity), wander into the kitchen at the end of the hall. On Thursday, it looked more like The Overlook Hotel than a South Beach gem, with china, plates, pots and crockery strewn everywhere. If you close your eyes, you can almost imagine the chaotic buzz that must have occurred among the chefs, servers, and cooks during Delano’s heyday.

For die-hard old-school SoBe fans, this is your last chance to check out this once-flashy ’90s-era trailblazer who helped transform the area formerly called “God’s Waiting Room.”

“People seem nostalgic and fond, with fond memories. They point to an area and say, ‘Oh, this is where I had a drink once,'” ICL’s Kabealo said. I heard it was very elegant at the time.”


Or: The Delano. 1685 Collins Avenue, Miami Beach.

Hours: Monday to Saturday 10 a.m. to 5 p.m., Sunday 12 p.m. to 5 p.m.

Admission: $5. All credit cards and cash accepted.

More information: www.iclsales.com561-525-3075.

This story was originally published January 28, 2022 2:07 p.m.

Renowned real-time news reporter Madeleine Marr has worked for the Miami Herald since 2003. She has covered topics such as travel, fashion and food. In 2007, she helped launch the newspaper’s daily People page, attending red carpet events, award ceremonies and press junkets; interview some of the biggest names in show business; and host his own online show. She is from New York and has two daughters.

For millennials, the vacation home is the new starting home Thu, 20 Jan 2022 19:59:31 +0000

Owning a home is the American dream, but what exactly type of home does this old adage refer to? For many millennials, it’s not a personal residence, as most would assume.

These days, instead of buying a single-family home to live in, some younger consumers are turning to vacation homes — often ones they plan to use only part of the time and rent out the rest.

In fact, according to short-term rental platform Vacasa, millennials currently make up 40% of vacation home buyers, the largest share of any generation. In 2019, they represented only 31%.

Traditionally, these would be considered “second homes” – properties purchased years after purchase and settling into a primary home. Today, it is often the first real estate purchase that a consumer makes.

As Nicole Bachaud, Economist at Zillow, puts it, “Millennials and Gen Z are already ready to start realizing the benefits of homeownership…but many aren’t necessarily ready to be full-time homeowners.” for the moment. »

‘The best of both worlds’

It may seem like putting the cart before the horse, but for these buyers, it’s a strategic win-win arrangement: they earn extra income, accumulate wealth, and have a property they can escape to when it suits them. seems to them.

Skye McIntyre-Bolen, 35, is one of the millennials taking this approach to real estate. She and her husband, Mark Bolen, 34, live in an apartment in Asheville, North Carolina, but just weeks ago the couple closed on 1.5 acres of land on Daufuskie Island, in South Carolina. They plan to build a small house there to use as a short-term rental property and as an occasional getaway.

“We vacationed there and immediately felt it was a hidden gem,” says McIntyre-Bolen, founder of Skye’s the Limit PR agency. After returning home, the pair researched and pulled the trigger on the plot — in full cash, nonetheless — a few months later.

“After seeing that we could afford to pay a lot in cash, we knew we could replicate the rental we were in – another tiny house,” says McIntyre-Bolen. “We knew what we were paying per night and saw – through Airbnb how often the tiny house was booked. This prompted us to do some quick math and confirm our suspicions that we would see a payback in a few years. »

It will be a while before the Bolens get their little rental house up and running – all the builders they’ve spoken to expect a two-year turnaround – but they’ll be laying the groundwork in the meantime. They also plan to buy a primary residence in Asheville (or wherever Mark’s work takes them).

“This approach gives us the best of both worlds,” says McIntyre-Bolen. “We are able to continue to grow our savings for a down payment while creating an investment property that will help pay our rent and eventually our mortgage.”

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High townhouse prices and remote work

But it’s not just rental income; there are other factors at play in this trend. For one thing, remote work is becoming more common among young Americans. According to a recent survey by youth marketing research firm Ypulse, more than half of millennials are still working from home, either entirely or – in the case of 21%, at least part of the time.

With this flexibility, many young buyers are looking for a change of scenery – a place to work when proximity to the office doesn’t matter.

One example is Kathryn Bain. The 35-year-old owner of design and brand agency Georgette Creative has purchased an A-frame cabin in upstate Wurtsboro, New York. With the ability to work from home full-time, she plans to split her time between the new location and the Brooklyn loft she’s rented for 10 years.

“I searched for the perfect home for a long time and even joked with friends that there’s not a road upstate that I haven’t driven looking for. one,” Bain says. “When I nearly gave up – the competitive COVID market didn’t help my search – I finally found my home. I arrived and made an offer an hour later.

Bain originally considered buying a house in New York, but soaring prices made that nearly impossible. Once she pivoted, she was only able to spend a third of what she planned on in the city – and got triple the space, according to her agent.

“Buying upstate and renting in the city is definitely more profitable,” says Bain. She also expects to save on her daily expenses, at least the days she spends at the cottage.

Bain’s financially savvy approach is a smart move in today’s hot market, especially for those in big cities, where prices have risen dramatically over the past year.

In New York, home prices are up 24% since November 2020. In Austin, Texas, they are up 33%. (To be fair, increased vacation home purchases may also push up home prices. In Wurtsboro, for example, home prices are up 12% from December 2020, and in some markets, new arrivals have created affordability issues for full-time residents.)

Yet for renters in those higher-cost markets – like Bain – buying vacation property in a less-demanded area is often a way to avoid sky-high prices while investing in real estate (and the wealth it brings). can help build over time).

According to Zillow, the typical millennial vacation home buyer spent $285,000 on their purchase last year, well below the national median price of $386,000. For Gen Z holiday shoppers, it was just $195,000.

“Young homebuyers are extremely financially savvy,” says Christian Wallace, Real Estate Services Manager at Better. “Staying in their rentals, but at the same time taking advantage of historically low interest rates to buy a home and start building equity seems like the best of both worlds.”