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Sales of $100 million homes are on track to double this year, as surging financial markets and hopes for rate cuts fuel a recovery in the ultra-luxury real estate market, according to new reports. As of July 15, six homes in the U.S. have sold for more than $100 million, according to data from Miller Samuel and Douglas Elliman. If the sales pace continues, it would more than double last year's total and likely eclipse the record of nine homes sold for over $100 million in 2021. But sales of homes priced at $50 million, $20 million and even $10 million are all signaling a strong rebound for the ultra-luxury real estate market after its decline in 2023. A penthouse at Central Park Tower — the tallest residential building in the world — closed for $115 million to an unknown buyer.
Persons: Robert Frank, Miller Samuel, Douglas Elliman, Jonathan Miller, Aman, Vladislav Doronin, Oakley, James Jannard Locations: U.S, Manhattan, York, Russian, Palm, Tarpon Island, California
Vladislav Doronin is the founder of OKO Group and owner of the Aman luxury hotel group. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementReal estate billionaire Vladislav Doronin has built a hospitality empire beloved by celebrities and the ultrawealthy. Born in Russia, he moved to Switzerland in his 20s and got his start in business as a commodities trader. He built his real estate empire in Moscow before venturing abroad with the OKO Group in 2015.
Persons: Vladislav Doronin, Aman, Doronin, Organizations: OKO Group, Service, Business Locations: Miami, Russia, Switzerland, Moscow
Few names exude "quiet luxury" like the ultra-luxe Aman Resorts. Its hotels bear its moniker: from Amanoi in Vietnam, to Aman Sveti Stefan in Montenegro and the hotel that started it all — Amanpuri in Phuket, Thailand. Aman is set to open Janu Tokyo, the first hotel from its new more affordable sister brand, in March 2024. Janu was created to respond to demand from a wider cohort of guests, said Aman CEO Vlad Doronin. It will mirror Aman hotels in service and design, but will have a "different pace and spirit," he said in a press release.
Persons: Aman Sveti, Aman, Janu, Vlad Doronin Organizations: luxe Aman Resorts, Aman Locations: Amanoi, Vietnam, Aman Sveti Stefan, Montenegro, Phuket, Thailand, Aman New York, Tokyo
And they're bringing their tech-savviness, social consciousness and spending habits in tow, which is transforming a travel industry intent on staying ahead of the times. "When it comes to nearly all travel behaviors, millennials are the generation most likely to engage — and they do so often," said Lindsey Roeschke, travel and hospitality analyst at Morning Consult. Where millennials stayFrederic Lalonde, CEO of the travel app Hopper, said its customers are twice as likely to stay in a home than a hotel. "It's all driven by our primary users, who are millennials and Gen Z," he said at the Skift Global Forum 2022. Since 2019, Airbnb home rentals increased the most among travelers with children aged six and younger, according to the company.
Binance was the only major crypto exchange among Bitzlato's top counterparties, FinCEN said. A Binance spokesperson said via email it had "provided substantial assistance" to international law enforcement to support their investigation of Bitzlato. Bitcoin worth about $175 million was transferred to Binance from Bitzlato in that period, making Binance its largest receiving counterparty, the data show. The U.S. action against Bitzlato comes as the Justice Department investigates Binance for possible money laundering and sanctions violations. The Justice Department said Bitzlato exchanged more than $700 million in crypto with Hydra, either directly or through intermediaries.
A rendering shows the Miami Beach project, developed by a partnership between OKO Group and Access Industries. Billionaire investors Vladislav Doronin and Len Blavatnik have landed a $277 million construction loan for a Miami Beach condominium and luxury hotel, one of the largest loans for a South Florida project since the start of the Covid-19 pandemic. Mr. Doronin’s development firm OKO Group and Mr. Blavatnik’s Access Industries, a privately held industrial firm, are teaming to build a 18-story beachfront tower with 22 apartments. They are also renovating the neighboring former Versailles hotel, which will have 56 rooms.
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