This month’s roundup of news from the independent hotel sector includes: Independent hotel transactions; a new look for the Diplomat; management contracts; and more.
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Karl Lagerfeld gets into the hotel game
Fashion design legend Karl Lagerfeld is launching an international hotel brand with licensing help from Brandmark Collective BV.
As reported in The Los Angeles Times, Karl Lagerfeld Hotels & Resorts will operate as part of Karl Lagerfeld Hospitality, which will “translate the designer’s graphic esthetic into a range of bespoke projects including hotels, residential properties, restaurants and private clubs.”
Lagerfeld has contributed interior design to several hotel projects, including a 270-room hotel in Macau currently under development.
Scottsdale hotel sells for $88 million
A wholly-owned subsidiary of Hyatt Hotels Corporation purchased the 119-room Royal Palms Resort and Spa in Scottsdale, Arizona, for $88.25 million from Lowe Enterprise Investors. The resort property, which opened in 1929, will now be part of Hyatt’s Unbound Collection soft brand.
Florida’s Diplomat to debut new name, renovation
Hollywood, Florida’s Diplomat Resort & Spa is ready to reveal its $100-million renovation project that started in 2014 this January. Along with it, the hotel will have a new name, The Diplomat Beach Resort. All 1,000 guestrooms were renovated, and the property now will have 10 food-and-beverage concepts. The hotel was purchased in 2014 by Thayer Lodging Group, Brookfield Hotel Properties. The hotel is part of Curio—A Collection by Hilton.
New owners, renovations planned for El Paso hotel
The Meyers Group purchased the 104-year-old, 356-room Camino Real Hotel in downtown El Paso, Texas, from Grupo Empresarial Angeles, a Mexico City-based hotel company that owns the Camino Real Hotel chain. This was its only U.S. property. No sales price was disclosed. The new owners plan to begin a $70-million renovation plan in February, and will reopen the hotel under its original name, Hotel Paso del Norte.
"Our vision is to restore it beyond its former glory and to finally fulfill the pressing need for a convention hotel in Downtown El Paso," Josh Meyers, director of real estate development for the Meyers Group, said in a statement.
Deals and developments
- Crestline Hotels & Resorts now manages the Dylan Hotel in Midtown Manhattan. The 16-story, 107-room hotel is in a 1903 building near Grand Central Terminal.
- Hay Creek Hotels will manage the upscale, 70-room Central Square Hotel in Cambridge, Massachusetts. The hotel currently is under development.
- The Gwen, a Luxury Collection Hotel in Chicago, named Marcus Cornelious as director of sales and marketing.
- Jennifer Kukulski was named sales manager for Hotel Crescent Court in Dallas.
- Paul Clark is the new GM of Hotel on North in Pittsfield, Massachusetts. The property is managed by Main Street Hospitality Group.
- Steven Khuon was named hotel manager of the 36-room Laguna Beach House in Laguna Beach, California.
- Rob LeVine retired as GM of Antlers at Vail hotel in Vail, Colorado, after holding the post for 29 years. To honor LeVine’s service, the property’s board of directors renamed the hotel’s meeting space the Rob LeVine Conference Center.
-Compiled by Stephanie Ricca.