The elite are spending up to $250,000 per week to stay in a six-bedroom penthouse in Sydney for a summer holiday, ideal for watching the New Year’s Eve fireworks. Contemporary Hotels’ The Residence in the heart of the CBD is fit for Hollywood stars, royalty, dignitaries and billionaires. The Residence is a penthouse in the heart of the CBD that costs $75,000 per night.
Credit: Contemporary Hotels The nightly rate is $75,000 with a minimum two-night stay, but cashed-up holidaymakers can get a discount if they stay for the week, paying $250,000. There is a rooftop pool, wine cellar and “floristry room”, and services include a full-time chef, butler, personal trainers, cleaning staff and chauffeur, plus discreet private lift access from Pitt Street. Contemporary Hotels chief executive Matthew Fleming said travelling into Sydney is strong this summer, with a mix of first and second-time travellers, returning expats and Aussies looking to spend Christmas locally at their range of holiday homes.
“People are now ready to holiday at home. We’ve got many bookings, particularly Australians who live in Sydney and want to spend Christmas at Palm Beach for example,” Fleming said. Cashed-up holidaymakers can get a discount.
If they stay the week it’s $250,000. Credit: Contemporary Hotels Fleming’s clientele are willing to pay up to secure properties with al fresco communal dining spaces, great lawns and swimming pools. “When people spend tens of thousands, sometimes $10.
