Live in the presidential suite (6)

I believe the answer is:

reside

'live' is the definition.
(I know that reside is a more specific form of the action live)

'in the presidential suite' is the wordplay.
'in' indicates a hidden word.
'RESIDE' can be found hidden inside 'presidential suite'.

(Other definitions for reside that I've seen before include "Stay - desire (anag)" , "Occupy a place" , "Dwell - settle" , "Live (at an address)" , "'Live, dwell (6)'" .)

I've seen this clue in the Evening Standard.

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