Pasadena real estate in the highest of high-end neighborhoods will probably cap off at about just under $1 million. Lots of homes for sale in Pasadena come with a beautiful age and sturdy bones. I see amazingly adept and real estate savvy investors at open houses in pasadena all the time who are more than willing to make million dollar enhancements and additions to homes. So it was no surprise to me when it was announced that this commercial real estate property, not far from the 210 Foothill Freeway was receiving a $60 Million dollar investment from top hoteliers in the area.
Hotel Constance is the historic hotel that will be completely renovated and open for business next month. The historic hotel has been around since 1926 and word is the property was once a home for seniors before becoming a hotel. Now the hotel is working with Ducit International, investors with world renowned luxury properties in the UAE and Thailand.Talk about a sleeping giant!
So what’s in store for the $60 million upgrade? Well for starters each room’s luxury features will be operated by iPad giving guests the controls to lighting, housekeeping demands, hotel purchases and dinner reservations. Dining or taking shots at the bar will most likely be the hangout hotspot as Joey Ho, the Hong Kong designer enlisted to design the specs, has created an ultra futuristic looking space. Not to worry however, the restaurant will come with a long communal table so the atmosphere will be more about inspiring good conversation with the locals and travelers you don’t know. At check in, guests will be delivered a hot towel and refreshing drink. In each room, guests can enable their smart phones or other mobile devices connection to the television and watch tv from their own personal Netflix accounts or other broadcasting.
The second phase of the renovation project will include a rooftop swimming pool with sun deck and bar, gym and meeting rooms. This is slated to be available by 2016. According to recent reports, Pasadena’s hotels are 85% occupied on average, although the prices are much lower in comparison to downtown LA or Hollywood locations. The world is starting to take notice of all the Pasadena Attractions and where the fun is, a Pasadena home is not far behind.
To schedule a private viewing of the best in Pasadena Real Estate contact me Jeff Russell at 800.791.4714.. Russell RG takes pride in being one of the most trusted sources for Pasadena real estate agents. We’d love to show you your next home!