When Governors Island was decommissioned and an organization appointed to oversee its redevelopment, Peter Mack, the CEO and founder of Collective Retreats, saw a golden opportunity.

He approached the organization with a compelling offer: create up to $700 per night accommodation with minimal building costs. How did he do it? By setting up luxury tents with a few shared amenities, as the Associated Press reported. The glamping experience features electricity, full beds with fine linens, an on-site restaurant and sweeping views ...