Ultra-Luxury Residences Are Key To Montage International’s Success
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Montage International, the global hospitality management company with a collection of ultra-luxury resorts, hotels, and private residences, is seeing record-setting growth in its ultra-luxury residential space. Montage’s exclusive private residence segment is setting record surges of growth year after year.
In 2022, the company achieved its highest yearly sales to date with $1.1 billion in residential sales transactions. The unprecedented interest in Montage and Pendry Residences led to record-breaking expansion across a portfolio of branded residential real estate valued at more than $5 billion—with monumental sales in the prime markets of Laguna Beach and West Hollywood.
Montage International, which is celebrating its 20th anniversary, is known for its highly-personalized service, exceptional amenities and unparalleled destinations. Its distinctive portfolio of luxury hospitality brands includes Montage Hotels & Resorts, Montage Residences, Pendry Hotels & Resorts and Pendry Residences. In addition, the company oversees the management of some of the country’s premier golf courses and clubs.
“When we opened Montage Laguna Beach 20 years ago, we also sold our first branded residential real estate,” said Alan J. Fuerstman, founder, chairman and CEO of Montage International. “The development of top-tier, private residences remain at the forefront, and we continue to see incredible demand for our branded offerings across all destinations. Today’s buyers are actively pursuing premium serviced, exceptionally designed sanctuaries as a seamless extension of their primary homes.”
The Montage and Pendry Portfolios
Montage International properties are currently located in the U.S., Mexico, and the Bahamas. The Montage portfolio includes Montage Laguna Beach, Montage Deer Valley, Montage Kapalua Bay, Montage Palmetto Bluff, Montage Los Cabos, Montage Healdsburg and Montage Big Sky. A private island Montage Cay, located in the Bahamas’ Abacos Islands, is currently under development and due to open in 2024.
Pendry Hotels & Resorts, which was launched in 2015 by Fuerstman and his son, Michael, has been wildly successful as well. 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.
As Montage and Pendry have become known for highly-personalized service,…
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