The Trump International Hotel & Tower Waikiki Beach Walk has set a world record for the amount of residential property sold in a single day. The total was over $700 million and by the end of the day all of the 464 hotel suites and residences were sold! Buyers came from all over the globe and can take ownership of their units in 2009. Prices ranged from $400 000 for a studio suite to over $9 million for a three bedroom penthouse. (GUSH Magazine)
Key Themes Behind This Trend
- Luxury Real Estate Boom
- The success of Trump's sales in Hawaii indicates a growing trend towards luxury real estate investment.
- Global Real Estate Investment
- Buyers from all over the world investing in Trump's properties shows a trend towards global real estate investment.
- Real Estate Sales Records
- Breaking world records for real estate sales could become a new trend for developers looking to make a statement.
Where This Applies
- Real Estate
- The real estate industry should take note of the success and lessons learned from Trump's world record sales.
- Luxury Hospitality
- Trump's success in the luxury hospitality industry is paving the way for new opportunities in this space.
- Investment Management
- Financial professionals focused on investment management may benefit from the trend towards global real estate investment showcased in Trump's sales.
