German shape designer Karl Lagerfeld at Paris fashion week.
Photograph: Patrick Kovarik/AFP/Getty Notions
Karl Lagerfeld announced on Monday that he plans to inaugurate his own branded hotel chain, with the first to open in the Chinese punting hub of Macau in 2018.
His first hotel is being built with a district partner in the luxury Lisboa Palace Complex in Macau but the Lagerfeld gang is “in the process of studying other opportunities to open other worths around the world,” it said in a statement.
The 83-year-old German-born forge designer has already collaborated with luxury Parisian discourse Le Crillon and the Metropole in Monaco but the new business will involve his players in designing entire hotels.
Leading fashion houses from Dior to Diane von Furstenberg beget developed a lucrative sideline designing suites and other centres for hotels.
Lagerfeld intends to follow the example of rivals embracing Armani, Bulgari and Versace, which have gone one pace further and opened properties under their own names.
The Lisboa Residence Complex in Macau – the only place in China where hazarding is legal – will include casinos, restaurants and various hotels, distinctly the Versace Palace.