Hugues worked at the Plaza in New York before it closed for extensive renovations, and he assumed that he was still light-years away from his dream. Then it happened. The Hotel Mulberry was put up for sale, a small tired hotel that had been run-down for years and had never been considered chic, despite its perfect location. When he heard about it, Hugues put together every penny of his savings, took out every loan he could get in both New York and Switzerland, and used all of the modest inheritance his parents had left him, which he had carefully put aside and invested. And the combination made the purchase of the hotel possible. He just managed to do it, with a mortgage on the building. And suddenly Hugues was able to buy the Mulberry and do the necessary renovations, which took two years, and at the end of it the Hotel Vendôme was born, to the amazement of New Yorkers, most of whom said they had never even realized that there was a hotel in that location.

The building had been a small private hospital in the 1920s and was turned into a hotel in the 1940s, with abysmally bad decor. In contrast, in its transformed state, every inch of the Vendôme was magnificent, and the service was superb. Hugues had brought chefs from all over the world for their now extremely popular restaurant. His catering manager was one of the best in the business, and everyone agreed that even the food from room service was fantastic. In its first year it had become an overnight success and was booked months in advance now, with reservations made by visitors to the city from around the world. The presidential suite was one of the finest in the city.