Fairmont Hotels & Resorts

So my mother said, oh, it's so beautiful.

We got to this, I think it was a Royal York in Toronto, gorgeous hotel, you know, Fairmont place.

And there was this pile of gifts.

She goes, it was just crazy.

And first of all, of course, having these names, which we have on Al Marjan Island, we have JV Marriott.

We have Fairmont Residences.

We have Ushuaiba Unexpected.

We have W Hotel.

And we have all those big names, brands, world luxury brands, which makes it more exclusive, one of a kind.

Where have you seen the Ammar and Aldar and Damag launched a project in one island.

It never happened before, but we have a Mar-a-Drez, Aldarniki Beach, and all those Fairmont, J.M.W. Hotels.

I mean, this project makes it like a unique island.

They still report like a chilly wind blowing down the staircase or like lights turning off and on, furniture being moved around.

Apparently a lot of the Jasper Park Lodges or like the Fairmont, string of hotels with a lot of like haunted connection to homes.

Well, the first lodge burned down.

They rebuilt it.

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The Fairmont Scottsdale Princess just sold for a staggering $241.36 million, signaling this massive consolidation in hospitality assets, even as fast casual giants are facing bankruptcy and total operational collapse.

Right.

Yeah.

Exactly.

Which brings us back to that hook I mentioned.

$241.36 million for the Fairmont Scottsdale Princess.

When you break that down on a per key basis, I mean, we were talking about a valuation that totally defies the current high interest rate environment.

So let's get into it about what we love.

Let's start with the Fairmont, shall we? Yeah,

yeah, yeah, sure, you go.

Yeah, you've been to the Fairmont, right?

Yes, I have, multiple, multiple times in the last decades, yeah.

So I think when people typically think of the Fairmont Hotel in San Francisco, they think of the Tonga Room, which is perfect.

Have you been to the Tonga Room?

Yes, I have.

New York's famed Plaza Hotel will close in January for at least four years as it undergoes major restoration work on its facade.

The hotel's operator, Fairmont Hotels and Resorts, has said it is expected to remain closed until 2031 should cleanup be completed on time, but a reopening date has not yet been announced.

The New York Times reports the closure will affect the hotel's 282 guest rooms, event spaces, and palm court restaurants.

Three fossilized Tyrannosaurus Rex footprints were flown out of the Little Missouri National Grasslands earlier this month.