At a time when most men his age would consider winding down, the inimitable Karl Lagerfeld is just getting started with a new venture. As if his hands weren't full enough with Chanel and Fendi, the 83-year-old designer has just announced plans to launch an international hospitality empire, Karl Lagerfeld Hotels and Resorts.

Held under a licensing deal with Brandmark Collective BV, according to WWD, the business will span not only hotels but restaurants, residential properties and private clubs, all, one can only assume, imbued with Lagerfeld's high fashion touch.

"Expanding our brand into the hospitality sector reflects our greater vision to broaden Karl Lagerfeld comprehensive lifestyle experience," says Pierpaolo Righi, CEO and president of the Karl Lagerfeld brand. Lagerfeld joins Armani, Versace and Bulgari in the high fashion hotel business.

This isn't Lagerfeld's first foray into hotel design - he's already dreamt up the interiors for a six-star resort in Macau that's slated to open next year and also has the interior fit-out of a Miami residential tower under his belt.

Just don't set your hopes on booking the presidential suite - we're guessing Lagerfeld faves Kendall Jenner and co. have the best rooms reserved already.

King Karl is getting into the hotel business