In chic Herzliya Pituach, dozens of investors are “putting on the ritz” at the plush Residences at the Ritz-Carlton, which recently opened. According to Miri Azouri, Director of Marketing & Sales for The Residences at The Ritz-Carlton, Herzliya, nearly 75% of the buyers of the plush vacation residences are Anglos from North America and the UK.
“It’s not just a real estate asset. It’s more of an emotional buy in order to strengthen their (investors), bond with Israel as well as having a special place to visit their family and friends. Some of our buyers already have children living in Israel. The vacation apartments allow them to come more frequently and enjoy all of the amenities that a renowned hotel chain such as the Ritz – Carlton has to offer,” said Ms. Azouri.
The Residences at The Ritz-Carlton allows an owner to use his/her residence for up to 6 months during the year and offer it for rent the remainder of the year through the Ritz-Carlton management program, which is one of the world’s leading management companies. The owner can then generate income during the periods that the apartment is placed for rent by receiving a percentage of the nightly rate.
The Residences at The Ritz-Carlton include 82 vacation apartments which face the majestic Herzliya Marina and Mediterranean Sea. An array of Residences including luxury studios, one and two bedroom apartments, duplexes and penthouses are available. Prices for vacation apartments at The Residences at The Ritz-Carlton, Herzliya range from approximately $900,000 to $4,000,000.
The one-bedroom units have an open modern kitchen, breakfast bar, lounge area with sofa bed, guest 1/2 bathroom and separate master bedroom with spacious bathroom plus terraces with views of the Mediterranean Sea.
The two-bedroom units feature a guest bedroom, master bedroom, two luxury bathrooms, open plan kitchen, lounge area, and terraces. There are also a select number of one- and two bedroom split-level duplexes with a lounge area with double height ceilings, guest bathroom and separate master bedroom and bathroom on the upper level.
For those who wish to maximize their possibilities, the lavish one- and two-bedroom penthouses located on the 12th floor offer a breathtaking living experience .
When buyers at the Residences at The Ritz – Carlton, Herzliya take possession of their residence, they will also be able to revel in all of the amenities that the first-ever Ritz-Carlton Hotel in Israel will have to offer. The list of amenities include: the Ritz-Carlton Spa located on two floors with Turkish hamam, dry and wet saunas, spa lounge and treatment rooms all overlooking the Mediterranean Sea; fully equipped fitness room overlooking the Mediterranean Sea; an outdoor rooftop swimming pool with pool side restaurant; a kosher chef’s restaurant-the first of its kind in the Ritz- Carlton chain; a ballroom for intimate events located in the main lobby, synagogue and business center along with an in house personal Director of Residences (D.O.R). ◆