Brad Pitt isn’t the first celebrity to lend his name to help sell a real estate project. But it’s not common for movie stars to design five-star luxury hotels.
Pitt, who has long had a passion for architecture, will help design an 800-room green hotel and resort in Dubai. He won’t have to give up his day job because he’ll be part of a team of professional consultants from Los Angeles-based architecture firm GRAFT.
Here’s a video of Pitt on Charley Rose talking about his love of architecture.
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.