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Small, ultraluxe hotels proliferate

Increasingly the hospitality sector is moving towards smaller, ultra-luxury hotels, often with nightly rates of over $1,000 per night, the Wall Street Journal reported. For that price, a guest at such a hotel will get 24-hour room service, a full-service spa and a choice of restaurants often seen at large resorts, but available only to guests, the Journal said.

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The Oetker Collection, owners of the Hotel du Cap-Eden-Roc in the French Riviera is one such ultraluxury lodge. Oetker is planning to open 10 new hotels in the next eight years, the Journal said. Montage, a company with three U.S. hotels, told the Journal it is searching for sites in New York and Miami. [WSJ]

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Hotel Market