The Regent Bal Harbour Hotel & Residences Celebrates its Grand Opening

March 10, 2008 by Lucas Lechuga

The Regent Bal Harbour Hotel & Residences

Yesterday afternoon, the Regent Bal Harbour Hotel & Residences (currently the Ritz-Carlton Bal Harbour) held its grand opening celebration. The Regent Bal Harbour is a 5-star hotel with world-class amenities, a 5-star restaurant and gorgeous water views from every hotel room. It will likely be a favorite amongst affluent South Florida vacationers. Prices range from $750 to $8,500 per night.

Take a look at the CBS4 video of the Regent Bal Harbour inaugeration yesterday.

Leave a Reply

10 Comments on "The Regent Bal Harbour Hotel & Residences Celebrates its Grand Opening"


Sort by:   newest | oldest | most voted
Anonymous
Julian
8 years 6 months ago
I think this is another example of a project planned during the boom (economic) using extrapolation of room rates to justify building the darn thing. It’s not a criticism of this project in particular but emblematic of what we will see much more of, worldwide. Cheap money, peak implied Return on Investments and punch extrapolations built these type of things. All three are gone. Will people be paying those ‘bubble’ room rates in the next couple of years? I really doubt it. South Florida vacancy rates are pretty high in hotels compared to the rest of the world anyway. I… Read more »
Anonymous
Mike K
8 years 6 months ago
I agree. The “average joe” has been living a life he can’t afford for a very long time. There were a record number of millionaires (and even billionaires for that matter) in the last 5 years. Most of this wealth creation was due to housing appreciation. Upper middle class families saw their home appreciate from 500k (2001) to 2mil (2005). With 1.5mil of “free money” came record boat sales, record luxury car sales, and record retail sales. THIS PARTY IS OVER! How many people can afford $700 a night? If you go to Hotel Atlantis (Bahamas), they are offering 4day/3night… Read more »
Anonymous
8 years 6 months ago

Am I missing something or can you really rent 2 bedroom residence for $6,500 per month (compared to up to 8500 per night for hotel) – http://miami.condo.com/BuildingDetails/AvailableUnits.aspx?ID=929106&mode=rent

Anonymous
BFG
8 years 6 months ago

Margus – you’re not missing anything. Renting on an annual or even month-to-month lease will always be much cheaper than staying in a hotel.

Even the nicest buildings in Miami Beach (Continuum, etc) rent in that range.

If there is a $8,500/night room at the Regent, it must be some extraordinary penthouse palace. But anyways, I wouldn’t compare hotel rates to the monthly rate on an annual lease, or even for a short term vacation rental. Those will almost always be much cheaper on a daily basis.

Anonymous
Seanjohn
8 years 6 months ago

Vacancies are up in Miami hotels? Even mid summer is not what is was by any stretch bargain wise a few years back. $8500 is not a valid basis for comparison or ridicule just because a handful of hotels have a handful of rooms at those kind of rates.

Anonymous
brian
8 years 6 months ago

They are probably unfurnished units.

Anonymous
8 years 6 months ago

I think that since the room rates are so high that they should rip down the building to equalize the market.

Anonymous
Un-Related
8 years 6 months ago
“The Regent Bal Harbour is a 5-star hotel with world-class amenities, a 5-star restaurant and gorgeous water views from every hotel room. It will likely be a favorite amongst affluent South Florida vacationers. Prices range from $750 to $8,500 per night.” Let’s hope the “Residences” owners are not anticipating seeing any return from a rental pool. This reminds me of the 3-year old Ritz-Carlton (with “residences”) in Sarasota that has been put on the market twice in the last 18 months….with NO takers. They were looking for a 2 cap-rate on the property. The hotel itself may have supported that,… Read more »
Anonymous
Death of a Condo Flipper
8 years 6 months ago

Any news on the percentage of walkaways at the Regent Hotel?

Anonymous
8 years 6 months ago

I’ve visited the hotel and its the most ritzy and elegant i’ve ever seen in south florida. The view is the most amazing part. The food is exquisite. The service is great. I know i sound like im advertising for the Regent but it really is incredible! :)

wpDiscuz

For Real Estate
Related Needs And Inquiries

please complete the form below

  • This field is for validation purposes and should be left unchanged.