Travel Feature
The World's Most Expensive Hotel Rooms 2003
Christina Valhouli



 
Click here for slide show.
 
Just as Forbes' 2003 billionaires list has a few subtle changes in its pecking order, so does the Forbes.com list of the most expensive hotel rooms in the world. Last year marked the first time that Forbes.com surveyed the most expensive hotel rooms in the world, with the $25,000 Bridge Suite at the Atlantis hotel in the Bahamas topping the list.

This year, the Atlantis has been bumped to third place by two suites--the Imperial Suite at Geneva's President Wilson Hotel, selling for $33,243 per night, and, in second place, the Royal Suite at Athens' Grand Resort Lagonissi, which has a price tag of $25,639.

One explanation for the difference is currency changes. The dollar is weaker against the euro than it was a year ago. Moreover, some of the hotels on our list have even raised their prices. Last year the Imperial Suite was selling for SFr 40,000 (compared with SFr 45,000 now), and the Belle Étoile Suite in Paris' Hotel Meurice has raised its price from €8,400 to €10,000 ($9,000 to $10,700) a night, recession be damned.

What exactly does one get for that kind of price tag? Service and space are the most obvious answers. Many of the suites on our list come with such perks as a fleet of Bentleys, a private pool and hot and cold running butlers and maids.

Click here to view the Webcast with Christina Valhouli

But just as important, if not more, is security. The people who can afford to stay in the best suites are often heads of state, billionaires or celebrities who are justified in the need to protect themselves. That can typically translate into bulletproof glass, closed-circuit video cameras, private elevators and other safety features.

A few sharp-eyed readers may notice that some suites, such as a $12,000 penthouse suite at the Ritz Carlton Central Park South in New York City, are not mentioned. This is not an oversight. Since Manhattan hotel rooms could have easily dominated the list, we instead chose the most expensive hotel room in a particular region, with $10,000 being our minimum requirement. For this reason, hotels in many areas (such as the Far East) are not represented on our list, as none broke the $10,000-a-night barrier.

But even the aforementioned heads of state, etc., are not always paying the full rate. Hotel spokespeople say many of the people who book these suites are able to arrange for discounts, depending on the duration of their stay. In Las Vegas, for example, the hotels frequently provide their best accommodations for their highest rollers, either gratis or deeply discounted. Additionally, many of these suites are booked as locations for film shoots or corporate events.

If a corporation isn't picking up the tab for one of those hotel rooms, there is a way to rationalize in it, at least in New York City. The priciest hotel suite in Manhattan--the $15,000 Presidential Suite in the Plaza Hotel--has a cheaper price per square foot than the average residential apartment. The 7,802-square-foot suite averages $1.92 per square foot, while the average price per square foot for a Manhattan apartment is $697.90, according to the Corcoran Group, a residential real estate company. Not only is it cheaper to stay in the Plaza, but no board approval is required. Even better, you get full turndown service and 24-hour room service.

Click here for a slide show with the 2003 list of the most expensive hotel rooms in the world.


1 of 1


Article Controls



Related Sections
Home > ForbesLife > Travel



News Headlines | More From Forbes.com | Special Reports
   
Subscriptions >

Free Trial Issue of Forbes Forbes Gift Subscription
Subscribe To Newsletters Subscriber Customer Service
Buy Audio Version of Forbes




  
Trading Center
Brought to you by the sponsors below
 
 

CEO Book Club more >
The Philosopher Kings Of Hedging
The Philosopher Kings Of Hedging
Steven Drobny reveals insights from the hedge fund all-stars.
READ REVIEW          BUY THIS BOOK
Laissez Faire In The Studio
Dunstan Prial
At Columbia Records, John Hammond made some of the greatest discoveries in American music.
READ REVIEW          BUY THIS BOOK
Search Books


Advanced Search |  New & Notable
Also in Lifestyle
Most Satisfying Cars 2006
Audi Control
Acura RL Vs. Lexus LS
Volkswagen New Beetle Turbo S
British Cars We Wish They Still Made
The Cult Of Couture
Most Expensive Musical Instruments
Poster Wild
Ancient Manuscripts Found In Egyptian Monastery
Milwaukee Art Museum Denies Using Collection As Collateral
Most Luxurious Spas In The World
Very Vineyard
Belle Luxury Hotel
Hilton Head
Hotel Prices Rising
Home Movies
Lymington Luxury
Santa Barbara Splendor
'West Wing' Prez Sells The Cottage
Summertime And The Renting Is Easy

 
  
 
    


 
SitemapHelpContact UsInvestment NewslettersForbes ConferencesForbes MagazinesForbes Autos
Ad Information   Forbes.com Wireless   RSS   Reprints/Permissions   Subscriber Services  
© 2006 Forbes.com Inc.™   All Rights Reserved   Privacy Statement   Terms, Conditions and Notices


Stock quotes are delayed at least 15 minutes for Nasdaq, at least 20 minutes for NYSE/AMEX. U.S. indexes are delayed at least 15 minutes with the exception of Nasdaq, Dow Jones Industrial Average and S&P 500 which are 2 minutes delayed.


Powered By