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 18thfloor 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: