According to a report from Graham Associates, a London marketing firm specializing in branded residences, more than 250 brands are now in the space, signaling a fundamental shift in how luxury brands own real estate assets.
ReadingBrands entering the residences market this year will face immediate comparison to 249 others. Pricing, location, and hotel integration will become commoditized faster than any class of luxury asset in the last decade.
WatchWhich legacy hospitality brands exit the residences market over the next 18 months because their economics no longer work.