In annals of the modern luxury hotel industry Horst Schulze, founder of Ritz-Carlton and Isadore Sharp, creator of Four Seasons, in the Seventies and Eighties laid the groundwork for the category’s massive growth. However, when the dust settles decades from now, it may be Montage Hotels & Resorts' Alan J. Fuerstman who is viewed as the person who figured out the secret formula of what makes a luxury lifestyle hotel tick. “There are very few markets that can bring the ultra luxury market rates that support what Montage delivers. “Pendry was born out of a need in the marketplace,” says Fuerstman, adding, “Montage is known for its incredible service. The lifestyle hotels have been more design driven.

Source: Forbes August 15, 2017 05:03 UTC