Bear Witness to the Great Hotelier Home Sell-Off of 2012

Curbed

Something odd is afoot in the hotel industry, at least if recent real estate listings are to be believed. This week alone, four current or former hotel execs listed their personal homes, all seeking millions for their residences. Up first is Orient-Express CEO John M. Scott III, who was just named CEO of the embattled hospitality conglomerate back in November. This week, Scott listed his brick Georgian Revival mansion in Dallas—where his previous employer Rosewood Hotels, is headquartered—for close to $4M. The 7,700-square-foot house features six bedrooms, seven bathrooms, a library, an office, large swimming pool, and a five-car, glass-door garage. Scott might well expect to have an easier time selling this handsome house than running Orient-Express, the owner of such renowned hotels as Venice's Hotel Cipriani, which has been busy fending off hostile takeover bids and receiving flak from the business press for its questionable management.

↑ On Monday, former Starwood CEO Juergen Bartels put his stone Connecticut mansion on the market for the first time, asking $13.5M. The 14,000-square-foot home occupies a 12-acre lot on Greenwich's prestigious Conyers Farm Drive, with seven bedrooms, nine bathrooms, eight fireplaces, wine cellar, staff quarters, seven-car garage, heated pool, and tennis court. Bartels, who is credited with reviving the Westin brand and establishing the Starwood conglomerate as a major player, paid $7M for the property back in 1998 and stands to make a more-than-healthy profit if the personal castle sells for something close to ask.



Stuart Rolfe's Wright Hotels might not be a household name, but the Seattle-based business controls a number of high-profile hotels in the Pacific Northwest. When Rolfe tires of the rainy weather in Seattle, he jets down to Indian Wells, Calif., to this stone mansion in the gated development known as The Reserve. That was, anyway, until he listed the four-bed, six-bath mansion this week for nearly $4M. Fun fact: Rolfe also serves as CEO and Chairman of the Board for that most famous of Seattle landmarks, The Space Needle.



↑ The owner of the gussied-up motel The Montauk Beach House, on the East End of Long Island, Chris Jones has decided to part with his pied-a-terre in Manhattan's tony Tribeca neighborhood. The fully-renovated, three-bedroom loft was listed this past weekend for $2.81M. That's a far cry from the $1.31M Jones paid for the pad in mid-2007, but who knows how much he spent turning the raw loft into the clean-lined modern place it is now.

· 4212 Belclaire Ave [Zillow]
· At Orient-Express, the Board Holds All the Cards [NYT Dealbook]
· Orient-Express Names John M. Scott III President and Chief Executive Officer [Yahoo Finance]
· 88 Conyers Farm Road [Zillow]
· 74645 Desert Arroyo Trl [Zillow]
· Hamptons Hotelier Lists Renovated Tribeca Pad for $2.8M [Curbed NY]
· The Montauk Beach House [Curbed Hamptons]

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