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Not long after Starwood Hotels dissolved its management of the Westin Diplomat Resort & Spa in Hollywood, Fla. (the hotel is now known as The Diplomat and it's part of Hilton's Curio Collection), comes another big brand loss in nearby Fort Lauderdale.
The Sun-Sentinel reports that The Sheraton Fort Lauderdale Beach Hotel, remembered by most as the Yankee Clipper Hotel, will cease to be a Sheraton on December 2, 2014. However, no one knows yet what sort of brand, if any, will take over the cruise-ship inspired building which is also home to the Wreck Bar and Dos Caminos restaurant.
Interestingly, the building was sold in 2005 to the Starwood Capital Group, which is actually hotelier Barry Sternlicht's company and not Starwood Hotels'. So could this turn into a 1 Hotel or a Baccarat Hotel? Highly unlikely, as the building is rumored to be for sale, but we're dying to find out what will end up happening.
Got any inside scoop? Let us know!
[Photo: Sheraton Fort Lauderdale]
Things have finally begun to move forward with 1 Hotels who are planning open the 1 Hotel Central Park in the spring of next year. 1 Hotels are also working on properties in South Beach and Brooklyn. And now we've learned that the brand has changed their name ever so slightly to 1 Hotel & Home.
Tipster Andrew alerted us to the moniker change-up and pointed us to the 1 Hotels website for the proof. Indeed, 1 Hotels is going by 1 Hotel & Home with the tagline, 100% Natural, which is no doubt a reference to the hotel brand's green and sustainable practices. Here's who some1 describes it:
Once in a while a brand comes along that does what’s right and makes you feel good. We’re creating a new place that brings the sounds and textures of nature inside and engages the community outside. A place to experience the sensual goodness that comes from the use of reclaimed materials, the freshest organic ingredients and a considered way of doing things. A place to relax, connect and celebrate something that has never been done before.
"A place to experience sensual goodness." That's a tall order for any hotel brand, especially one that is hoping to use reclaimed materials and organic ingredients in an urban setting. But we're excited to see how 1 Hotels, er 1 Hotel & Home pulls it off.
[Screengrab: 1 Hotels]
It's officially off-season in Miami and that means the Miami Hotel Mambo is heating up. In this week's number, Miami man Gregg Rory Holland told us that The Perry South Beach which once upon a time not too long ago used to be known as The Gansevoort has closed down for a $100 million renovation.
That's big news in itself. But what's even bigger about it is that the hotel will reopen as a 1 Hotels and Residences from Barry Sternlicht. This will be the first 1 Hotel to open and it will have 417 hotel rooms and 163 residential units.
For the hotel noobz out there, Sternlicht introduced his luxury 1 Hotels concept back in 2006. But the brand was whacked down by the economic fallout of 2008. It took a while but there have been encouraging signs of life again, with 1 Hotels and its sister luxury brand, Baccarat Hotels, planning to open five new hotels by 2015--two of which will be in NYC.
And now the 1 Hotel South Beach is poised to open in 2014.
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Back in November, we had gotten wind that Starwood Capital Group (remember folks, this is different from Starwood Hotels) put forth plans for a hotel concept at Brooklyn Bridge Park, specifically the 1 Hotels brand.
For those not familiar, 1 Hotels was pitched by Starwood Capital's Barry Sternlicht (the man who created W Hotels) back in the boom years for the hospitality industry before the economy collapse left 1 Hotels as nothing but a big pile of dirt in Seattle. Literally.
But it's a new dawn and a new day for the eco-conscious luxury brand now that they are coming to Brooklyn Bridge Park. Despite some heavy competition from brands like Le Meridien, Marriott Autograph Collection, Dream Hotels, Hyatt and Westin, 1 Hotels have won out! This means that, barring any crazy last-minute economy collapses or changed minds, the 1 Hotel dream will actually come to fruition. We're speechless!
The Daily Herald, a small island publication, reports that the hotel, which only opened last December, has been sold to Starwood Capital, ole' Barry Sternlicht's company. (Remember, Starwood Capital is different from Starwood Hotels.)
As it turns out the previous owners of Viceroy Anguilla (that would be Viceroy and their partner, the Mubadala Development Company) had not completed its loan payments, forcing Citibank to come in and take over the property. It was Citibank who completed the sale of $500 million to Starwood Capital.
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The London Hotel Scene is sooo hot right now what with a W Hotel, a Tune Hotel, a Thompson Hotel, an Aloft Hotel, a Heliport Hotel and the reopening of The Savoy all happening within the next year. But the scene may get even hotter.
Bloomberg News reports today that the Royal Bank of Scotland sold The Cumberland Hotel on Great Cumberland Place to London & Regional Properties Ltd. and Starwood Capital Group LLC aka Barry Sternlicht's hotel group.
Will Molly visit Barry at an Extended Stay hotel?
Two years ago at this time we were all salivating over the luxury hotel plans put forth by former Starwood-er Barry Sternlicht, the man credited with the success of W Hotels, who intended to build hotel brands around the Crillon Hotel in Paris and the luxury crystal maker Baccarat. In addition to those brands, Sternlicht would also develop 1 Hotels, a high-end, green boutique hotel brand.
To date, none of these hotels have come to fruition thanks to the hospitality industry's spectacular downfall (dropping rates, laying off staff, foreclosures, etc) in the wake of the economic crisis of 2009.
So Barry is doing something different these days, like buying Extended Stay Hotels through his Starwood Capital investing firm.
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Barry Sternlicht, chairman and CEO of Starwood Capital Group, celebrates the opening of Postcard Inn on The Beach in St. Pete Beach, FL with model/actress Molly Sims.
Last weekend, he showed up for the opening of the Postcard Inn on The Beach which is a joint venture between him and Stephen Hanson, the founder of BR Guest Restaurants. Looking good BS! It doesn't look like the recession has aged you one bit.
As you can see, Molly Sims was there to celebrate the opening but she was also celebrate her new HSN jewelry line, Grace. While she dined at Wildwood BBQ & Burger with her family, new boyfriend Aaron Eckhart was not there.
The Postcard Inn on the Beach opened last month and its surf culture-inspired rooms start at $99 a night.
Photo: Peter Richardson/Red Eye Photo
2009 Brand Expansion Report / Hotel Brands / Industry News / Aloft Hotels / Element Hotels / Hotel Indigo / Andaz Hotels / Edition Hotels / Barry Sternlicht / NYLO Hotels / → All Tags
It's no secret that the economy has had a massive impact on the hotel industry. Hotel openings have been delayed; construction has been halted on properties in development; jobs have been lost; room rates have been slashed but the last several years also saw a boom in the introduction of new brands and a handful of entirely new, supposedly game-changing segments (the "budget chic" pack, for example).
Naturally, with the introduction of each new brand came a wave of hype and some big, big expansion plans and then came the recession. Needless to say, those big plans changed.
Here's a look at the current state of some of those newer brands a progress report, if you will that outlines how many properties each brand had planned on when the concept was introduced, how many properties they've actually opened as of mid-2009, and, of course, how they're faring out there in the cold, brutal world.
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This is what the proposed site for the 1 Hotel Seattle from master hotelier Barry Sternlicht looked like in February 2008. This is what it looks like now, in May 2009. We are struck by how remarkably similar this looks to the set of Parks and Recreation.
Yes, Sternlicht says that 1 Hotels "is still on" yet from past reports, we don't think the Seattle location is gonna make it. But while Sternlicht's talking about building a luxe green brand for the world's eco-conscious travelers, many hotels (both part of larger collections and independents) are already implementing green practices and some new buildings are obtaining LEED certifications. So Sternlicht better get on this fast.
Then again, leaving this lot undeveloped is actually pretty green in itself right now.
More 1 Hotel Seattle site snaps after the jump.
While Barry Sternlicht and Co are busy starting up their new hotel management company, SH Group, another one of the initial Baccarat Hotel and Resorts has been postponed joining the Baccarat projects in Atlanta, Anguilla, and Water Cay which have also been postponed or canceled.
The Baccarat Wailea Hotel & Residences was originally scheduled to open in 2010, but currently they have not even started tearing down the existing hotel on the property - the former Renaissance Wailea Beach, and Starwood Capital came out with a statement this week stating that:
"We are going to take some time and pause to determine the proper course of action for our properties and evaluate some additional possibilities."
The Baccarat Wailea website has been deactivated and all mentions of Baccarat Wailea have been removed from BaccaratHotels.com.
In the mean time it's been reported that over $300 million in sales have been made since the project was first announced, but somehow that still didn't make the project successful enough.
No word yet if those who committed to a pre-sale are being let out of their contracts or if they are expected to wait for more news on the project; the General Manager of the Wailea Community Association said he expects an announcement within three weeks on the status of the project.
Even though most of their hotel development projects have been scaled back or canceled - the Baccarat Hotels brand (along with 1 Hotels and Crillon) will continue under SH Group, but when a location from one of these brands will actually open is another story. The formation of the management group can't come fast enough!
Industry News / Barry Sternlicht / Starwood Capital / 1 Hotels / Baccarat Hotels / Hotel News / → All Tags
Ah, 1 Hotels. Such a mystery to us. A fantasy, even. But after years of being talked about and planned and hyped up...might you actually become a reality? Barry Sternlicht (who established Starwood Hotels) apparently thinks it's possible even in this economy.
Now, we've mentioned him before as the man behind Starwood Capital's fabled 1 Hotel & Baccarat Hotel brands, two planned luxury chains that ran into some serious funding-related complications and were mostly either delayed or taken out of development entirely.
We'd put 1 Hotels on DeathWatch and were ready to write the brand off as a poorly-timed dream that never really came to fruition amidst the whole economic meltdown. And the Baccarat brand, in the opinion of one source we consulted, "was announced at the height of the market when everyone was frothin' at the mouth. And then the floor fell out before he could get all the cash to start an actual project, just like 1."