Movie firm Paramount has announced plans to launch a chain of hotels. The hotels will be luxury properties with ‘elements of the California lifestyle’.

The firm, one of the most active studios in Hollywood and the name behind movies ranging from Breakfast at Tiffany’s to Mission Impossible, plans to create up to 50 hotels and resorts themed around Hollywood and California.

Even before Facebook goes public, Silicon Valley is buzzing in anticipation of the “instant millionaires” that may soon be looking for ways to spend their wealth.

Eight years after Mark Zuckerberg founded the company in Harvard, the stock market debut is expected to value the social media giant at as much as $100 billion.

While Zuckerberg and other longtime staffers stand to benefit the most, the initial public offering, which is expected as early as Wednesday, could also make millionaires out of much of the company’s rank-and-file.

A California mansion could become the most expensive US property to be sold at auction when it goes on the block next month with a starting bid of $22 million.

The 10,500 square-foot beachside house — originally listed at $65 million — includes six bedrooms, nine and a half bathrooms, a theater, a 75-foot (25-meter) two-lane lap pool, a gymnasium and a library with an aquarium.

The winning bidder would count Tom Hanks, Barbra Streisand and Sting as neighbors after moving into “Billionaire Beach,” part of the upscale coastal town of Malibu, near Los Angeles.

The 57,000-square foot Los Angeles mansion built by the late TV producer Aaron Spelling has sold to 22-year-old Formula One heiress Petra Ecclestone.

The home on five acres of property in Holmby Hills has a bowling alley, beauty salon, several gift-wrapping rooms and parking for 100 cars.

The French chateau-style Spelling mansion, dubbed “The Manor,” had a list price of $150 million. The sales price was not disclosed.

The WSJ reported Thursday that Russian billionaire Yuri Milner has paid the highest known price ever for a single-family U.S. home — a whopping $100 million.

The mansion is a French-style chateau in the Loire style set on 18 acres in hills overlooking San Francisco Bay

The home has five bedrooms, a ballroom, wine cellar, gym, tennis courts, spa and pools inside and outside. There’s also a guest house on the property.

This Italian-inspired masterpiece, priced at $39 million, is set amongst some of the most expensive properties in all of San Diego.

Situated on a 0.52 acre, oceanfront parcel, this 6 bedroom, 7.5 bathroom residence offers a fine interior with gorgeous detailing.

The home was masterfully designed by notable Bob Ray in the year 1984 and encompasses over 6,500 square feet of living space.