Travel Intelligence · Branded Residence Index 2026
By Richard J. · written from Valencia18 brands scored /100Verified 22 September 2026
Eighteen hotel brands were tested on what they publish about owning a branded residence, and none of them passed: the highest score is One&Only Private Homes at 31/100, ahead of Aman (23), Ritz-Carlton (22), Nobu (18) and Mandarin Oriental (17), against a pass mark of 60 fixed before any data was collected. Not one brand publishes a service charge, a residence fee, a brand licence fee or the formula behind any of them. Not one publishes what happens to your costs, your contract or the name on your building if the brand walks away. This is a category that Knight Frank counts at 903 schemes and more than 170,000 units worldwide, growing towards 300,000 units by 2031 - and at brand level, it discloses nothing.
Verified 22 September 2026 · each brand's own residences, ownership and portfolio pages · Knight Frank Global Branded Residence Survey 2026 · company and press sources · every figure re-read at source
Gold dashed line: the pass mark of 60, fixed before any data was collected and not moved afterwards. The entire field sits below it. Cheval Blanc was assessed and has no residences product, so it is recorded but not compared. Edition Residences could not be read at source and is not scored.
| Brand | Fee /25 | Rental /20 | Title /15 | Brand exit /10 | Portfolio /15 | Service /15 | Total |
|---|---|---|---|---|---|---|---|
| One&Only Private Homes | 12 | 0 | 0 | 0 | 10 | 9 | 31 |
| Aman | 0 | 0 | 0 | 0 | 13 | 10 | 23 |
| Ritz-Carlton Residences | 0 | 5 | 4 | 0 | 4 | 9 | 22 |
| Nobu Residences | 0 | 0 | 0 | 0 | 12 | 6 | 18 |
| Mandarin Oriental Residences | 0 | 0 | 0 | 0 | 14 | 3 | 17 |
| St. Regis Residences | 0 | 0 | 8 | 0 | 4 | 1 | 13 |
| Four Seasons Private Residences | 0 | 4 | 0 | 0 | 4 | 2 | 10 |
Two patterns decide this table. The first is that 35 of the 100 points — fee transparency and brand exit — are unavailable to everybody, because not a single brand publishes anything against either. A perfect score on the other four criteria would still only reach 65. The second is that what separates the top of the field from the bottom is portfolio housekeeping, not disclosure of substance: Mandarin Oriental scores 14 of 15 for maintaining a list you can check, and Four Seasons, the brand that invented this category in Boston in 1985, scores 4 because its own two pages give two different portfolio totals. Being able to count the buildings is the easiest thing on this rubric, and half the field cannot do it.
This page scores disclosure, not quality, and it makes no claim about any individual building. No brand paid to be assessed and no position on this page is for sale. A criterion scored zero means the evidence was not published on the pages read on 22 September 2026 — it is a gap in the record, not a judgement, and a verifiable source closes it. Nothing here is investment, tax or legal advice, and nobody should buy or decline to buy a property on the basis of a disclosure score.
Nobody will tell you, and the gap between the eighteen brands is only the difference between saying nothing and saying almost nothing. One&Only publishes the single fee sentence in the entire category — "under one clear management fee, One&Only will take care of all the administration" — and attaches no number to it. Every other brand omits the topic entirely: no service charge per square foot, no brand licence fee, no worked example, no range.
| Brand | What it publishes about recurring cost | Score /25 |
|---|---|---|
| One&Only Private Homes | "Under one clear management fee, One&Only will take care of all the administration" — a basis, with no amount, rate or calculation | 12 |
| Every other brand assessed | Nothing. Not a figure, not a formula, not a range, and in most cases not even the words "service charge". The topic is absent from every residences, ownership and FAQ page read | 0 |
Two things follow for a buyer. The recurring cost on a branded residence is the number that determines whether the asset works, and it is routinely a multiple of an unbranded equivalent in the same building type — so the absence of any published benchmark means you cannot sanity-check a scheme's figure against anything before you are deep in a sales process. And the brand fee and the service charge are different things, often charged by different parties under different agreements; no brand in this index distinguishes them publicly, so a single "management fee" quoted to you may or may not include the licence cost of the name. Ask for both, separately, in writing. See also our luxury hotel brand hierarchy for how these names sit against one another on the hotel side.
On disclosure the order is Ritz-Carlton 22, Mandarin Oriental 17 and Four Seasons 10 — and the brand with the longest history in the category is the one that publishes least reliably about itself. All three are silent on cost, so the separation comes from rental terms, title and whether you can verify the portfolio.
| Brand | Started | Portfolio as published | Rental and title | Score |
|---|---|---|---|---|
| Ritz-Carlton Residences | 2000, Washington DC — the first branded residence of the modern era | Six properties listed as Selling Now. No open-versus-pipeline count; Marriott gives around 300 projects across all 17 residential brands with no Ritz-Carlton breakout | The only brand with a dedicated owner-rental page, promoting twice-daily housekeeping and a residential concierge — with no split, no owner-use cap and no blackout dates. Describes residences as whole-ownership | 22 |
| Mandarin Oriental Residences | Not published | The most checkable in the field: 14 current, 8 upcoming and 12 announced with unit counts, including Downtown Dubai 266, Etiler Istanbul 318 and Saadiyat 226 | Neither published. Its New York page states 61 residences while the same page's meta description says 64 | 17 |
| Four Seasons Private Residences | 1985, Boston — the oldest programme assessed, 40 years old in 2025 | Two of its own pages disagree: the portfolio map says 75 properties, the history page says over 50 with more than 20 in development. Neither separates open from announced | No rental terms for whole-ownership homes. A separate fractional product, Residence Clubs at six US resorts, is marketed as use "as often or as little as you like" with no usage cap or fee schedule | 10 |
Two cautions when comparing the three. Marriott's own disclaimer, published on its St. Regis pages and applying across its licensed residential brands, states that "Marriott does not own, develop, sponsor or serve as sales or marketing agent" for these projects — which is the clearest statement anywhere in this index of what a hotel brand's involvement in a branded residence actually is, and it is worth reading before assuming the hotel company stands behind the building. And Four Seasons' Residence Clubs are a fractional product, not whole ownership; they appear under the same brand umbrella and are a materially different thing to buy. Background on the service cultures behind these names: Four Seasons, Ritz-Carlton and Aman.
Not one of the eighteen brands publishes an answer, and it is the risk that defines the asset class: the premium you pay is for a name that is attached by a contract you never see, for a term nobody discloses. It is not hypothetical. One de-flagging is documented and completed, and one is being threatened in public right now.
| Case | What happened | Status |
|---|---|---|
| Trump International Hotel and Tower, Toronto | InnVest acquired the property from JCF Capital in June 2017, the Trump name and signage came off, the building traded informally as The Adelaide Hotel during the transition, and by August 2017 the residences were re-flagged as The St. Regis Residences Toronto under Marriott management | Completed. The clearest documented example of a branded residential building changing its flag |
| Amanyara, Turks and Caicos | The resort's owner is suing Aman and its chairman Vladislav Doronin and, as reported on 27 August 2026, has threatened to cut ties with Aman and rebrand the resort, in a dispute over a competing Janu development on the adjacent site | Live and unresolved at the date of this page. The flag has not come down |
| Every brand's published position | Silence. Eighteen brands, every ownership and FAQ page read, and no statement anywhere about what happens to fees, service contracts, the building's name or an owner's rights if the brand agreement ends | Confirmed absence, 22 September 2026 |
Two questions to put in writing before exchanging on any branded residence. How long does the brand licence run, and what are the renewal terms — a twenty-year term on a home you intend to hold for thirty is a material fact. And what happens to the service charge if the brand leaves: the building still needs staffing at the standard it was designed for, and an unbranded building with branded running costs is the specific failure mode this disclosure gap hides. Neither question is answerable from public material for any brand in this index.
903 schemes at the end of 2025, around 1,088 by the end of 2026, and more than 170,000 units worldwide — a market that has tripled in a decade and is forecast to reach roughly 1,800 schemes and 300,000 units by 2031. The figures come from Knight Frank's Global Branded Residence Survey 2026, published in mid-September 2026, and are reported here from coverage of that survey rather than read in the report itself.
| Measure | Figure | Source and grade |
|---|---|---|
| Schemes, 2015 | 354 | Knight Frank Global Branded Residence Survey 2026, via published coverage — reported, not read at the report |
| Schemes, end of 2025 | 903 | As above |
| Schemes projected, end of 2026 | About 1,088 | As above |
| Units worldwide | More than 170,000, projected to exceed 300,000 by 2031 | As above |
| Share held by the six largest operators | Just over 40% of developments worldwide, across Marriott, Accor, Hilton, Four Seasons, Banyan Group and IHG | As above |
| Non-hotel brands | Projected to reach almost 40% of branded residential supply within two years | As above |
Two things worth holding against those numbers. The projection that non-hotel brands — fashion houses, car makers, designers — reach almost 40% of supply within two years matters for this index, because a car marque has even less reason than a hotel group to publish a service charge, and no hospitality operation behind the name. And the growth rate is the argument for the disclosure gap mattering more each year, not less: a category adding roughly 130,000 units by 2031 on terms nobody publishes is a consumer-information problem that scales. For the adjacent question of buying access rather than title, see our destination club index; for living aboard rather than ashore, our residential ships and yachts page.
Every brand below was measured on the same rubric from its own published pages, and none is named to an index position because none cleared the pass mark. Scores are shown in full precisely because there is no ranking to award: this is a scorecard of a category, not a shortlist.
| Brand | Owner | Portfolio as published | Score |
|---|---|---|---|
| One&Only Private Homes | Kerzner International | 4 open — Mandarina, Hudson Valley, Moonlight Basin, Le Saint Géran; 1 announced — Courchevel 1850, 2030 | 31 |
| Aman | Aman Group S.à r.l. | 14 open, 12 announced including Beverly Hills 2028, Miami Beach 2028 and Niseko 2030 | 23 |
| Ritz-Carlton Residences | Marriott International | 6 listed as Selling Now; no open-versus-pipeline count published | 22 |
| Nobu Residences | Nobu Hospitality | 2 open — Los Cabos 60 homes, Toronto 658 units; 11 named in pipeline plus 6 more listed separately. Started 2023 | 18 |
| Mandarin Oriental Residences | Mandarin Oriental Hotel Group, Jardine Matheson | 14 current, 8 upcoming, 12 announced with unit counts — the most checkable in the field | 17 |
| St. Regis Residences | Marriott International, under licence | Casares, Jakarta, Bermuda, Astana, Boston Seaport, Belgrade, Bahia Beach — sold out or announced, no clean split | 13 |
| Waldorf Astoria Residences | Hilton | 2 open, 3 announced, 6 flagged resale available — one of only two brands to publish resale as a category | 13 |
| Montage Residences | Montage Hotels & Resorts | 7 open, 2 announced. Reported USD 1.1bn of branded residential sales in 2022 and a USD 29.8m single-sale record | 12 |
| Rosewood Residences | Rosewood Hotel Group | 4 open and 1 announced, United States only on the page read; no global count | 12 |
| Auberge Residences | Auberge Resorts LLC | 3 open, 2 announced with opening years — The Knox Dallas 2026, Shell Bay 2027 | 11 |
| Baccarat Residences | SH Group per the site footer | 1 open — New York; 6 announced. The footer still carries a company name the parent has publicly moved on from | 11 |
| Four Seasons Private Residences | Four Seasons Hotels and Resorts | Its own pages give 75 properties and "over 50 plus 20 in development". Oldest programme in the category, from Boston in 1985 | 10 |
| Raffles Residences | Accor | 5 with unit counts — Bali 28, Boston 146, The OWO London 85, Jakarta 80, Jeddah — all presented as live, no announced list | 8 |
| Six Senses Residences | IHG | 16 listed with no open-or-announced labels, and a second development page that does not reconcile with the first. London opened at The Whiteley on 1 March 2026 with 14 branded residences | 5 |
| Bulgari Residences | Marriott and Bulgari joint venture; Bulgari owned by LVMH | No global residences hub page found. Only the Dubai Lighthouse confirmed — 31 penthouses and a nine-bedroom Sky Villa | 3 |
| Banyan Tree Residences | Banyan Group | 8 residential sub-brands listed with no locations, no counts and no open-or-announced split | 2 |
| Cheval Blanc | LVMH Hotel Management | No branded residence product found. Recorded as assessed and excluded from comparison — the absence is the finding | Not applicable |
| Edition Residences | Marriott International | Not scored. The one official brand page found was closed to automated reading, and nothing about it is treated as confirmed beyond its existence and a Middle East expansion announcement | Not scored |
1 · Get the service charge and the brand fee as two separate numbers, in writing, before you exchange. No brand in this index publishes either, and they are frequently charged by different parties under different agreements. A single quoted "management fee" may or may not include the cost of the name on the door, and the difference compounds over a holding period. Ask for a worked example at your unit size, and ask what has happened to it over the last five years at a comparable scheme in the same portfolio.
2 · Ask how long the brand licence runs and what happens when it ends. This is the single largest unpublished variable in the category and the reason Trump Toronto could become St. Regis Toronto and Amanyara's owner can credibly threaten to take the flag down. The building keeps its running costs when the name goes; the premium attached to the name does not necessarily survive. Get the term, the renewal mechanism and the fee consequences of termination.
3 · If you intend to rent it out, get the split, the owner-use cap and the blackout dates before anything else. Ritz-Carlton is the only brand of eighteen that even runs a rental page, and it publishes none of the three. An owner-use cap is what turns a home into an investment product you can only occupy on the operator's terms, and it is negotiated at scheme level where you have least visibility of the market norm.
The category grew, a major brand opened in London, and the clearest brand-exit threat in its history went public — while disclosure stayed exactly where it was. Knight Frank's Global Branded Residence Survey 2026, published in mid-September, put the market at 903 schemes and more than 170,000 units with roughly 1,088 schemes expected by year end. Six Senses made its London debut at The Whiteley on 1 March 2026 with 14 branded residences inside a 139-residence development, IHG's first in the city. On 27 August 2026 it was reported that the owner of Amanyara is suing Aman and Vladislav Doronin and has threatened to rebrand the resort, the most public brand-exit dispute the sector has produced. And in July 2026 WorldHotels launched its first branded residences in Ho Chi Minh City, 74 villas and 424 apartments — a mid-market operator entering a category that was, until recently, the preserve of the names in the table above.
No hotel brand publishes the answer. Across eighteen brands checked on 22 September 2026 - Aman, Four Seasons, Ritz-Carlton, Six Senses, Mandarin Oriental, Rosewood, St. Regis, Bulgari, One&Only, Waldorf Astoria, Montage, Auberge, Raffles, Banyan Tree, Nobu, Baccarat, Edition and Cheval Blanc - not one publishes a service charge, a residence fee, a brand licence fee, or the formula used to calculate any of them. One&Only is the only brand to describe the shape of the cost at all, promising "one clear management fee" without a figure. The numbers exist, but they live in an individual scheme's offering documents, which are given to buyers, not published.
One&Only Private Homes scores highest at 31 out of 100, ahead of Aman at 23, Ritz-Carlton at 22, Nobu at 18 and Mandarin Oriental at 17. The pass mark was 60 and no brand reached it. One&Only leads on the single sentence about its management fee. Mandarin Oriental has the most checkable portfolio, separating current from upcoming from announced and publishing unit counts. Aman has the strongest service disclosure. None of them tells you what it costs.
No brand of the eighteen publishes an answer, which is the most significant gap in this index. It does happen: Trump International Hotel and Tower Toronto was re-flagged as The St. Regis Residences Toronto in 2017 after InnVest acquired the property and the Trump name came off the building. A live case is running now - the owner of Amanyara in Turks and Caicos is suing Aman and its chairman and has threatened to cut ties and rebrand the resort, reported in August 2026. What happens to your fees, your service contract and the name on your door in that event is set out in scheme documents, if anywhere, and never on a brand's own site.
Knight Frank's Global Branded Residence Survey 2026, published in mid-September 2026, counts 903 schemes at the end of 2025, up from 354 in 2015, with around 1,088 projected by the end of 2026 and more than 170,000 units. It projects roughly 1,800 schemes and more than 300,000 units by 2031. Marriott, Accor, Hilton, Four Seasons, Banyan Group and IHG together account for just over 40% of developments worldwide. These figures are reported from Knight Frank's survey rather than read in the report itself.
Often yes, and almost never on published terms. Ritz-Carlton is the only brand of the eighteen to run a dedicated owner-rental page, promoting twice-daily housekeeping and a residential concierge, and it publishes no revenue split, no owner-use cap and no blackout dates. Four Seasons operates a separate fractional product, Residence Clubs at six US resorts, marketed as use "as often or as little as you like" with no usage cap or fee schedule disclosed. Every other brand is silent. The split is typically negotiated at scheme level.
The brands do not say. Not one of the eighteen publishes whether its residences are sold freehold or leasehold, how long the brand licence runs, or whether resale is restricted. The closest thing to a structural disclosure is Marriott's, which states on its St. Regis Residences pages that "Marriott does not own, develop, sponsor or serve as sales or marketing agent" for the projects carrying the name - useful, because it tells a buyer who is not responsible, but it is a disclaimer rather than a description of title.
Counting is harder than it should be. Mandarin Oriental publishes the clearest breakdown: 14 current, 8 upcoming and 12 further announced with unit counts. Aman lists 14 open and 12 announced. Four Seasons is the oldest programme, running since Boston in 1985, but its own two pages disagree - the portfolio map says 75 properties while the history page says over 50 with more than 20 in development. Marriott gives around 300 projects across all 17 of its residential brands with no Ritz-Carlton breakout, and Hilton gives 40 open residences and 6,520 units across its luxury brands.
That is not a question this index answers, and anyone who tells you in general terms is guessing. What this page can tell you is what you cannot check before buying: the recurring cost, the rental terms, the title structure, the licence length and what happens if the brand leaves are all absent from every brand's own published material. Those five things are what determine the running cost and the resale position of the asset, and all five are decided at scheme level in documents you only see once you are in the process.
No. Cheval Blanc, LVMH's hotel Maison, was checked as part of this index and no branded residence product was found on lvmh.com or on any Cheval Blanc property page. The brand appears to be hotel-only across Paris, Courchevel, St-Tropez, the Seychelles, St-Barth and Randheli. A separate estate agency trading as Cheval Blanc Real Estate in Dubai is unrelated to LVMH. Not every luxury hospitality name has entered this category.
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Richard J. · Uncompromised Travel · written from Valencia · first published 22 September 2026 · facts re-verified 22 September 2026
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