Montage Residences Beverly Hills Kicks Off New Year with Announcement of Another Closing

BEVERLY HILLS, Calif., Feb. 7, 2012 /PRNewswire/ -- Montage Residences Beverly Hills, the 20 luxurious "homes within a hotel" that crown the top three floors of Montage Beverly Hills, the 201-room Forbes Five Star & AAA Five Diamond certified hotel in the heart of the city's Golden Triangle, has announced closing on another Residence. The 1,900 square foot, two bedroom, two bathroom home sold for $4.4 million, and continues to set new marks in the Beverly Hills real estate market.  Montage Residences Beverly Hills offer residents a unique living experience punctuated by an unmatched location, unparalleled amenities and the highest ratio of staff-to-resident available.

"We continue to be encouraged by the response we've received to these very special properties," said John Mansour, representative for owner, Beverly Hills Luxury Hotel LLC.  "Our buyers recognize that they are purchasing far more than an extraordinary home, but also a lifestyle that simply cannot be duplicated."

Montage Residences Beverly Hills afford owners all of the services and special features associated with the luxury hotel, including access to the 20,000 square foot Spa Montage, fitness center and restaurants, featuring award-winning celebrity chef Scott Conant's Scarpetta, in addition to The Macallan's newest bar 10 pound Sterling.  Residents also enjoy the services of their own dedicated concierge staff, as well as a full complement of hotel staff.  The seven remaining Residences range in size from three- to five-bedrooms, 2,700 to 5,700 square feet and are priced from $6.3 to $16.5 million.  For further information, visit www.montageresidencesBH.com or phone (310) 860-7899.

About Montage Hotels & Resorts 
Montage Hotels & Resorts is a hotel and resort management company founded in 2002 by Alan Fuerstman. Designed to serve affluent travelers and homeowners, the company features an artistic collection of distinctive hotels, resorts and residences in stunning settings that offer comfortable elegance, a unique sense of place and spirit, impeccable hospitality and memorable culinary, spa and lifestyle experiences. Montage Laguna Beach, the company's flagship oceanfront resort, opened in the vibrant arts community of Laguna Beach, California, in 2003. Montage Beverly Hills, the company's second hotel, opened in Beverly Hills in 2008 and was the first Gold LEED® certified hotel and residences in Southern California. Montage Deer Valley, located in Park City, Utah, is the company's third property, which opened in December 2010.  www.montagehotels.com

About Beverly Hills Luxury Hotel LLC
Montage Beverly Hills is owned by affiliates of Ohana Real Estate Investors (OREI), The Athens Group and Montage Hotels & Resorts.  In addition to Montage Beverly Hills, OREI also owns a portfolio of luxury hospitality assets including Montage Deer Valley, Montage Laguna Beach and real estate parcels in Los Cabos, Mexico; Kauai, Hawaii; and Northern California. www.ohanare.com

SOURCE Montage Residences Beverly Hills