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The Most Popular Hotels for Multimillionaires

How exclusive is the $10,000 a night Presidential suite at New York's Waldorf Astoria? A background check is required!

| BY Donald Liebenson


Aspiring multi-millionaires wondering what it’s like to live an ultra-wealthy lifestyle, can (for several thousand dollars) experience it for themselves, if only for a night, by making a reservation at the preferred hotels of the world’s wealthiest. Where do those worth at least $10 million choose to stay?

According to a new report by New World Wealth, Americans seeking the most popular hotels for the $10 million set do not have to travel too far. Four of the top five are located in Las Vegas and New York.

Nearly four-in-ten (37 percent) of America’s high net worth spend between $10,000 and $24,999 annually on vacations or travel, according to a 2013 wealth level study conducted by Spectrem’s Millionaire Corner of households with a net worth between $5 million and $24.9 million. The highest percentage of these households spend the most on travel. Seven percent spend between $25,000 and $49,999 a year, while 3 percent shell out $50,000 to $99,999, the highest percentages

At No. 5 on the list is the Marina Bay Sands in Singapore, a hotel apparently so exclusive that simply trying to log on to the hotel’s webpage crashed my Internet browser. A night in the Chairman Suite, which occupies two floors of the hotel, will set you back at least $17,000. But for that you (reportedly) get awe-inspiring views of the city and the port

New York’s Waldorf Astoria occupies No. 4 on the New World Wealth list of the favorite hotels of multimillionaires. How exclusive is the $10,000 a night Presidential suite (so named because every sitting President since Herbert Hoover has spent time there)? A background check is required! The three-bedroom suite boasts a full dining room (seating 10) and kitchen, and 3.5 marble bathrooms It can accommodate up to 50 people.  A complimentary continental breakfast in the Astoria Lounge is included.

Caesars Palace in Las Vegas is No. 3 on the list. The Titus and Marcus Aurelius villas, previously available only to high rollers, are now open to the public. The cost: $25,000 a night. The 6,60-square-foot, three bedroom Titus Villa comes with butler service, a grand piano, a game room complete with pool table and a 103-inch 3D plasma TV. A private landscaped outdoor area features a 400-square-foot heated pool.

New York’s venerable Plaza is No. 2 on the list. The three-bedroom Presidential Suite will cost you about $35,000. It features full butler service who are “basically at the guest’s beck and call,” one very helpful reservation agent told Millionaire Corner. The suite, with its silk-covered walls, takes up nearly the entire 18th floor of the Plaza. Amenities include five bedrooms, five and a half bathrooms, two living rooms, a dining room and sauna. That’s not to mention three marble fireplaces and a 2,000 bottle wine cellar.

And the No. 1 most popular hotel with multimillionaires: the Bellagio in Las Vegas. Last year, according to the New World Wealth report, some 6,400 individuals worth at least $10,000 stayed at the hotel, which is famed for its choreographed “dancing” fountains. Comparatively speaking, this one’s a bargain--$6,759.20, which includes taxes and wi-fi service.  

Rounding out the Top 10 are:

6. The Breakers, Palm Beach, Fla.

7. Hotel de Paris, Monaco

8. The Ritz, London

9. Grand Floridian, Disney World, Orlando

10. Wynn, Las Vegas



About the Author


Donald Liebenson

dliebenson@millionairecorner.com

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.