Program management of initial Phase 1 construction for resort and fractional ownership hotel development in coastal Santa Barbara. Construction scope primarily site prep, de-watering, and driving of pilings. The property was subsequently sold to 35 Hotel Street Partners, an affiliate of Woodridge Capital Partners LLC.
The La Entrada project was at the time entitled for a 114-room luxury hotel, nine fractional ownership units, and 21,557 square feet of retail space with open plazas, paseos and gardens. The resort architecture evokes the Spanish Colonial Revival style long-admired in Santa Barbara. The Hotel Californian, a small commercial hotel that is part of the redevelopment plan, was built in 1925 as one of the first buildings to be designed in the new Spanish Colonial Revival style envisioned by city leaders in the 1920’s that now defines Santa Barbara.
Due diligence of portfolio of existing Hyatt Regency hotels operating in Saudi Arabia, for potential portfolio acquisition by client. The due diligence report included an evaluation of competitive hotels, management contract review, and an analysis of each facility’s sales and operating history. One of the hotels (shown in accompanying photo) has since been re-branded as a Radisson Blu).
Departmental staffing and profitability and 10-year EBITDA projections were also prepared, as part of the work.
Owner representation and asset management, during construction and facility operations.
Owner representation during construction completion and for ongoing hotel asset management. Evaluated feasibility of in-house spa facilities for the hotel. Part of Aspen Mountain P.U.D. The destination resort has since been reflagged as the St. Regis Aspen.
Aspen, Colorado ranks as one of the world’s top resort destinations, known both for its skiing and Winter sports, as well as its considerable year-around cultural and intellectual pursuits. The Aspen Institute is known worldwide for its schedule of events. From its mining town origins, the central business district of Aspen is now an upscale shopping district that includes high-end restaurants, salons, and luxury retail stores. Aspen (Pitkin County) was founded as a mining camp during the Colorado Silver Boom and named for the abundance of aspen trees in the area. The city emerged as a ski area after World War II, with the foundation of Walter Paepcke’s Aspen Skiing Company.
Owner representative and asset management of The Ritz-Carlton on Central Park in New York. Asset management included hotel management contract restructuring negotiations, renovation program preparation and implementation, and owner representation to operator.
In early 2005, after a couple more changes of ownership, the hotel facility was acquired by a development group interested in converting the facility to residential condominium ownership. Even while operating as a lodging facility, the property had several occupants holding a right to occupy their units as residences under long-term leases.