Word: sheiks
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...Champs-Elysées and the Plaza Atheéneée, the seven-story, 73-room Nova-Park has mostly Swiss owners, and is conspicuously patronized by Arabs. Le Monde calls it "a triumph of pétro-baroque." Other observers have labeled the decor "Swiss swish" and "sheik chic " What is not in dispute is the cost of staying there...
...hugely expensive as they seem. A few small rooms rent for $145, just the thing for bodyguards. The Royal Suite has two living rooms, five bedrooms with at least ten closets, and seven bathrooms. Even so, some visitors find its 4,844 sq. ft. oppressively small. One sheik had to rent two other suites to accommodate his baggage...
...Robert Sangster, 46, who has parlayed a shrewd interest in horseflesh and an oddsmaker's understanding of the business into a stable of 400 Thoroughbreds, paid $4.25 million for a 15-month-old colt. It was the highest price ever for a race horse at auction. Sangster outbid Sheik Mohammed bin Rashid el Maktoum, Dubai's Defense Minister and the heir apparent to the throne of the principality, who dropped out after offering $4 million. Sangster breezily announced he would have gone higher to get the magnificent dark bay, a son of Nijinsky II, Europe's Horse...
...Sheik Mohammad Al Fassi, 27, a Saudi Arabian princeling who has lived in the U.S. for four years, keeps stumbling into the limelight. When he Lived in Beverly Hills, Calif., he had the nude statuary outside his mansion painted in rather vivid flesh tones; the mansion was later gutted by fire. Then he dropped a few million here (some of it to shed two troublesome wives) and a few million there (to resettle in Florida). Last week the sheik's profligacy earned him a new bit of screwball notoriety. The Diplomat Hotel in Hollywood, Fla., claimed that Fassi...
Even more ostentatious is Mohammad's residential compound, now under construction on a chunk of Miami property he bought for $4 million. A contractor on the unfinished Xanadu is suing the sheik for $275,000, and one of the sheik's builders says it will be "the most expensive piece of crap ever put on this earth." It is to include a bowling alley, an aviary, computer-controlled fountains, five waterfalls, two swimming pools, moving sidewalks, a bomb shelter and a mosque...