• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health

2

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

3

Sam Altman says a 'cool use case' for ChatGPT is a daily AI podcast about your kids. The replies were brutal

1

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health

2

The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady

3

Sam Altman says a 'cool use case' for ChatGPT is a daily AI podcast about your kids. The replies were brutal
TechHotels

The $10,000-per-night suite for Silicon Valley elite

By
Sheila Marikar
Sheila Marikar
Down Arrow Button Icon
By
Sheila Marikar
Sheila Marikar
Down Arrow Button Icon
May 29, 2015, 1:55 PM ET
Casa Madrona Alexandrite Suite
The Alexandrite Suite at Casa Madrona.Courtesy: Casa Madrona
Add Fortune on Google for similar content.

Chandeliered conference rooms are so early aughts. As the startup sector breaks business norms with its sweatshirt-clad CEOs, open office plans, and irreverently named conference rooms, the hotels that cater to them have followed suit. Take the Alexandrite Suite at Casa Madrona, a Sausalito hotel that underwent a $25 million renovation in 2011. From its name—Alexandrite is a gemstone that’s able to change color depending on its surroundings in a sort of pivot for the mineral world—to its perks, the 5,000 square-foot space is designed to appeal to those who disrupt.

This suite does not have a television, it has a nine-panel “media wall,” controllable by whatever Wi-Fi-enabled device happens to be on hand and watchable if the viewer can take their eyes off the sailboats on the bay beyond the deck. “We’ve seen venture capitalist companies just lounging around and having startups present to them in a way more relaxing setting,” says Sietse Nabben, the hotel’s general manager.

At $10,000 a night, the suite has been especially popular among venture capital firms and startups who have enough money to, say, throw a raging party that includes access to a private chef and a Mercedes ML350 Bluetec (with a driver) but don’t have to disclose their expenses publicly. Nabben estimates more than 50 tech companies have rented out the suite or the neighboring Junto space (“Junto” means togetherness) for events. For longer stays, there’s a $500,000 a month package that includes accommodations for up to 24 people, a wine bar refreshed weekly with Napa and Sonoma selections, and a private yacht excursion on Richardson Bay.

Part of the suite’s appeal is the opportunity for anonymity. (Casa Madrona declined to disclose the names of any companies who have booked the Alexandrite Suite.) Though Sausalito is only 11 miles from San Francisco, with its Mediterranean cliffsides and mom-and-pop stores, it feels a world away. “We’ve seen a lot of traction from Silicon Valley,” says Nabben. “There are certainly well known figures working in that industry and they like to go to a location where they might not be as well known or run into a competing business that’s around the corner.”

Last year, Casa Madrona introduced a perk directed, unabashedly, at the people who delight in automation and innovation (and, in this case, inebriation): guests at the Alexandrite suite could have a bottle of champagne delivered by a drone.

“It cost us a few thousand dollars to get it up and running but the more important part was the aftermath that happened, the attention that we got from the tech world,” Nabben says. They’ve since discontinued that service, citing government regulations. Plus, drones aren’t all that in anymore.

“Times are changing,” Nabben says. “We’re excited to do something new.”

About the Author
By Sheila Marikar
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Tech

Palantir CEO Alex Karp
AIpalantir
Palantir shares jump 13% as U.S. AI demand sends revenue soaring past targets
By Preston ForeAugust 3, 2026
4 hours ago
Exclusive: Former OpenAI exec Fidji Simo discusses her battle with POTS and her startup’s plans to cure it with AI and 3,500 vials of blood (so far)
HealthOpenAI
Exclusive: Former OpenAI exec Fidji Simo discusses her battle with POTS and her startup’s plans to cure it with AI and 3,500 vials of blood (so far)
By Emily ForliniAugust 3, 2026
5 hours ago
A physical Bitcoin coin held between an index finger and a thumb.
CryptoBitcoin
Bitcoin owners rocked by $116 million hack: What we know about the Coldcard exploit
By Camila Grigera NaónAugust 3, 2026
8 hours ago
broker
InvestingMarkets
Wall Street bulls are starting to admit the earnings bubble is real—and the 60/40 portfolio may be the first casualty
By Nick LichtenbergAugust 3, 2026
9 hours ago
Photo of Sam Altman
SuccessWealth
Sam Altman reveals the investing advice billionaire Peter Thiel gave him that helped him amass a $3.3 billion net worth without OpenAI equity
By Preston ForeAugust 3, 2026
10 hours ago
Photo of the ElliQ device in a living room
AITech
Forget Gen Z: People in their 70s and 80s are some of the earliest Americans to welcome physical AI into their homes and daily routines
By Marco Quiroz-GutierrezAugust 3, 2026
10 hours ago

Most Popular

Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health
North America
Bars, bowling alleys, and movie theaters cost too much to run and visit. Americans have run out of places to hang out and we're paying with our health
By Catherina GioinoAugust 2, 2026
2 days ago
The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
Economy
The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady
By Jason MaAugust 1, 2026
2 days ago
Sam Altman says a 'cool use case' for ChatGPT is a daily AI podcast about your kids. The replies were brutal
AI
Sam Altman says a 'cool use case' for ChatGPT is a daily AI podcast about your kids. The replies were brutal
By Holly Van Leuven and Morning BrewAugust 3, 2026
13 hours ago
As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say
Middle East
As Trump balks again at escalating war, Iran smells ‘blood in the water’ and looks to exploit its newfound strategic advantage, experts say
By Jason MaAugust 2, 2026
1 day ago
Electric air taxis are finally ready for takeoff
Magazine
Electric air taxis are finally ready for takeoff
By Alexei OreskovicAugust 3, 2026
18 hours ago
He was homeless at 16. Now he sits on the board of David Beckham's wellness company and his business is about to hit $1 billion in revenue
Success
He was homeless at 16. Now he sits on the board of David Beckham's wellness company and his business is about to hit $1 billion in revenue
By Emma BurleighAugust 2, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.