The Sun reports that Jay-Z is buying an island in the Bahamas. He is spending $2 million on his own land in North Abaco so his wife Beyonce and daughter Blue Ivy can have a vacation in peace.
Luxury Singapore hotel group Banyan Tree will open its first Indian hotel in the southern state of Kerala. It is set to open by the first quarter of 2013.
Around the world, a few owners are renting out their islands for vacationers who want to spend a luxury holiday in a private haven.
Bettencourt, 89, bought D’Arros Island along with several neighbouring islets for $18 million in 1998 and recently sold them for $60 million to a Seychelles-registered business, Housing and Habitat Minister Christian Lionnet said.
An Austrian firm has come up what it hopes is the next big thing for the mega-rich: a man-made, floating island with a list price of 5.2 million euros ($6.5 million)
Measuring 20 by 37 metres (66 by 121 feet), the “Orsos Island” has no engine but can be anchored anywhere its owners choose and then towed to another location the other side of the world if they so wish, Hungarian-born Gabor Orsos said.