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1 Hotels / Hotel News / Starwood Capital / Barry Sternlicht / Brooklyn Hotels / Brooklyn Bridge Park Hotels / → All Tags
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.
Barry Sternlicht / Starwood Capital / London Hotels / Hotel News / Hotel Rebranding / Guoman Hotels / → All Tags
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.
Hot Hotelier News / Celebrity Scoop / Barry Sternlicht / Molly Sims / Stephen Hanson / BR Guest Restaurants / Hotel Openings / → All Tags
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.
Snapshot / 1 Hotels / Barry Sternlicht / Starwood Capital / Seattle Hotels / Hotel Hype / → All Tags
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."
1 Hotels / Starwood Capital / Barry Sternlicht / Hotel News / Hotel Websites / Hotel Death Watch / → All Tags
We know how Barry Sternlicht loves to surprise and create puns and play around with words: he named W Hotels because it's the only letter of the alphabet with more than one syllable, and W's whole marketing is based around putting W's in their promotions and creating words based on W.
So we shouldn't have been too surprised when 1 Hotels updated their website to remove the Paris and Mammoth Mountain locations, but left the Seattle, NYC, Washington DC and Scottsdale locations and added a new page about One - even though we've heard numerous rumors about the brand being put on indefinite hold.
With a very (very) heavy heart, we are reporting today on something from our sources: Starwood Capital's 1 Hotel & Residences brand is being substantially scaled back.
We mean like.. Instead of the 6 locations listed on their website, and an additional three locations announced since then (Atlanta-Buckhead, Cleveland, Ohio & Vancouver, BC), the world will only see one or two 1 Hotels open in the next few years, as the rest have been permanently or temporarily put on hold due to market conditions.
Our sources tell us that only the Vancouver, BC location and New York City location are still scheduled to be built, although the NYC location will probably not be in Bryant Park.
Now we can add Baccarat Hotel and Residences to Dubai's ever growing portfolio of hotels. Over the weekend, Starwood Capital and Mr. S himself, announced the Baccarat Hotel & Residences at Dubai Pearl.
For those who gave up keeping track of Dubai's developments years ago - Dubai Pearl is made up of retail, hotels, residences, and commercial components and is located right at the foot of the Palm Jumeriah (you know, the smaller of the 2 man-made islands in the shape of a palm tree.)