Hospitality leaders unite to launch Luxury Hotel Advisors
High-profile figures in the hospitality world have joined forces to create a boutique advisory firm that promises to help luxury hotel owners and investors amid the pandemic.
The new outfit has been launched in response to the fact that hoteliers have faced immense challenges over the last year.
Helping hoteliers navigate the Covid19 crisis
Hospitality specialists LK Eric Prevette, Carlos Lopes and Teresa Holden have teamed up to launch their own boutique advisory firm, Luxury Hotel Advisors (LHA), with each holding the title of principal.
LHA aims to help owners and investors navigate this unprecedented economic landscape by providing a hands-on, one-stop-shop for advisory services ranging from asset management and acquisition to disposition and marketing guidance. These services are intended to give owners and investors the support they need to move forward with confidence and success.
“There has never been a greater need for hotel owners and investors to find creative solutions for their investments,” said Lopes. “Luxury hotel properties, in particular, require more thoughtful and innovative approaches to satisfy both customer expectations and ownership investment returns.”
Fresh insights from industry experts
The principals of the firm, which is based in Newport Beach, California, bring together decades of experience in management, ownership, operation, marketing and brand development, as well as the execution of hotel sales and acquisitions worldwide. Additional offices are planned for LA, Dallas, New York and Miami.
The practice has also added prominent leaders from across the industry to its board of advisors.
Notable board members include Ted Teng, who was formerly with The Leading Hotels of the World; the founder of Cripplegate Investments, Terry Petty; and the global director of travel, transportation and hospitality at Microsoft, Shane O’Flaherty. Also included are Raymond Bickson, principal and CEO of Bickson Hospitality Group; the founder of Calder Hospitality, Eric Calderon; the former managing director of Grand Hotel Du Cap Ferrat, Hans Maissen; and the principal of Sonnenblick-Eichner Company, David Sonnenblick.
Prevette concluded: “LHA is currently overseeing a diverse range of projects that include acquiring a hotel asset for a specific buyer whose vision is to convert the hotel into a luxury residential development; serving as expert advisors to the owner of a small luxury hotel in need of post-pandemic reopening, repositioning and overall marketing strategies; assisting the owner of a premium hotel property with respect to a potential rebranding of that asset; and the private, discrete sale of a boutique luxury resort in the Caribbean.”
The Institute of Hospitality, the professional body for current and aspiring managers working in hospitality, has appointed Robert Richardson as CEO. Robert Richardson is to become CEO of the organisation as of 19 April 2021, succeeding Peter Ducker, who spent eight...
Xenia zu Hohenlohe, chairwoman of LeadingHôtelières and founding partner of Considerate GroupHospitality leaders across the globe have come together to form LeadingHôtelières, a coalition working to achieve better representation for women at the highest levels. Formed...
Hotel mogul Gordon ‘Butch’ Stewart, who set up Sandals Resorts International four decades ago and helped transform Caribbean hospitality, has died at the age of 79, leaving behind an extraordinary legacy. To mark the passing of Gordon ‘Butch’ Stewart, we’ve decided to...
Our most-read Radisson Hotel Group stories of 2020 roundup includes an exclusive look at how the company responded to the Covid19 crisis and a preview of a beautiful 222-key resort with its very own lagoon. Radisson Hotel Group, the go-to-market name for Radisson...
Our most-read Hyatt Hotels Corporation stories of 2020 roundup features an overview of its impressive development pipeline, a look at the Hyatt Regency brand’s future and an analysis of Covid19’s impact on the group. Hyatt Hotels Corporation is one of the hospitality...
Our most-read IHG stories of 2020 roundup includes a report on how the company has weathered the Covid storm, a look at its ambitious expansion plans and a preview of a stunning ski-in-ski-out resort in the Alps. British hospitality group IHG, which has a portfolio of...
Expert’s Voice: Top ten F&B revenue-management tips for hotel restaurants
Bill Gates’ investment firm to take control of Four Seasons in $2.21bn deal
Design showcase: Top five designs with prints and patterns
Wyndham to bring Registry Collection Hotels to Georgia
Shepherd Hotels and Avocet team up for purpose-driven newbuild hotel