![]() ![]() The premium associated with a branded residence is 30% to 40% on a worldwide basis. “The company’s success in real estate is due to the significant value-added brand recognition it brings to clients who purchase one of its residences, says Necrason. The initial offerings at Montage Residences Healdsburg are sold out. In 2022, records were shattered around metrics not only in a pre-sale and developer environment but also staggering appreciation within the resale sector within our respective markets, says Tina Necrason, Executive Vice President, Residential, for Montage International who oversees the residential business for the company. ![]() record for the year’s most expensive condo price for a $21.5 million full-floor design-ready residence at Pendry Residences West Hollywood. The company broke its previous records with jaw-dropping residential sales for 2022, which also included the brand’s largest ever sales transaction from a $29.8 million estate at its flagship Montage Laguna Beach and a new L.A. Pendry is a collection of contemporary luxury hotels, several with luxury residences, located in tastemaking destinations including: Pendry San Diego, Sagamore Pendry Baltimore, Pendry West Hollywood, Pendry Chicago, Pendry Manhattan West, Pendry Park City and Pendry DC, with Pendry Newport Beach opening later this year, Pendry Natirar in 2024 and Pendry Tampa in 2026.Īs Montage and Pendry have become known for highly-personalized service, world-class amenities and unparalleled destinations, its portfolio of exclusive private residences has grown in reputation and is setting records year after year. Pendry Hotels & Resorts, which was launched in 2015 by Fuerstman and his son, Michael, has been wildly successful as well. ![]()
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