While I am a huge believer in the idea that, “There are many ways up the mountain,” some paths are absolutely easier than others. There are many aspects to creating a boutique hotel and as my former boss and mentor Ian Schrager once said, “Every detail matters.” And “What’s hard is to create the magic […]
Are independent boutique hotels more profitable than their branded counterparts?
According to Stephen Rushmore, President and founder of HVS, “the expense is equivalent to taking on a 25% partner.” Is that the size partner you want or need?? With the rash of new branded boutique properties across the spectrum, brands are in a race to the bottom. How will each of these hotel brands stick out from […]