In early 2022, after acquiring a lavish $14 million estate nestled in the steep mountains above Beverly Hills, and already possessing a cozy retreat in the exclusive Malibu Colony gated community, Michael "Flea" Balzary made the decision to list his distinctive architectural residence tucked away in the La Crescenta foothills of Los Angeles for $9.8 million. Now, a little over two years later, the Red Hot Chili Pepper bassist's remarkable property in the unincorporated community near Glendale has reappeared on the market, according to TMZ, this time seeking just under $7 million. Despite the reduced price, it still represents a...

Accor's opulent cruise liners may soon transition from mere fantasy to tangible reality. In January of last year, the esteemed French hospitality conglomerate unveiled plans for a novel Orient Express vessel set to debut in the spring of 2026. Presently, it is engaged in discussions with investment firm Dubai Holding to secure funding for the approximate $867 million (€800 million) development of this vessel along with another, as reported by the Financial Times. Should the agreement come to fruition, Dubai Holding would assume majority ownership in the property company responsible for these luxury yachts, thereby enabling Accor to remove these...

Never underestimate the allure of a well-preserved ghost town. Italy's Castelfalfi, recently reimagined and rebranded, stands as a testament to this notion, with several hundred million dollars invested to transform an 800-year-old abandoned village into a luxurious five-star vacation destination. Nestled halfway between Florence and Pisa, the sprawling 2,700-acre compound officially reopened its doors in February. While it initially launched as a resort with residences back in 2014, the project struggled to gain traction despite a hefty $350 million investment from its former owner, the TUI Group. However, after a decade and another substantial renovation, courtesy of the new billionaire...