Montage Residences Beverly Hills Continues Sales Momentum With Yet Another Closing

BEVERLY HILLS, Calif., Oct. 27, 2011 /PRNewswire/ -- Montage Residences Beverly Hills, the collection of 20 remarkable private homes atop the internationally esteemed Montage Beverly Hills, announced closing on its twelfth residence, a three-bedroom, 2,766 square feet home for $6,085,000. Recent sales of the luxury Residences have set new marks in the Beverly Hills market, including a 5,700 square foot, four-bedroom, six-and-a-half bath penthouse that closed for $13.8 million.

With over half sold, Montage Residences Beverly Hills represent a unique opportunity to live elegantly and privately within the 201-room luxury hotel, which has been recognized with an unmatched set of distinctions: the AAA Five Diamond Award, the Forbes Five Star Award, as well as a Gold LEED® certification, the first certified hotel and residences in Southern California to capture the honor.

"A Montage Beverly Hills Residence offers not just a home, but also a singular lifestyle of extraordinary convenience and distinguished refinement," said John Mansour, representative for Beverly Hills Luxury Hotel LLC, the property's owner. "Our buyers appreciate the unmatched location, superb amenities and our unflagging attention to detail."

The Residences, which crown the top three floors, afford owners access to such special features as the hotel's 20,000-square-foot spa and fitness center; celebrity Chef Scott Conant's award winning restaurant, Scarpetta; and Macallan's newest bar, Ten Pound. Montage Residences also grant owners the services of a dedicated Concierge, as well as a full contingent of hotel associates, creating an unprecedented staff-to-resident ratio. The three- to five-bedroom Residences range from 2,700 to 5,700 square feet and are priced from $6.3 to $16.5 million.

Sotheby's International Realty in Beverly Hills has the Montage listings.  For further information on Montage Residences Beverly Hills you can explore www.montageresidencesBH.com, or contact Montage Residences at (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