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