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 […]
How to Fill Hotel Occupancy Gaps
Whether you own/manage a 20 room Inn, a 200 room hotel or a 2,000 room super tanker, you most likely have occupancy gaps. Most typically these GAPS exist Sunday –Thursday and it’s easy to do the math – you can’t bank roll an operation by just staying busy 2 nights a week – the weekend. […]
Top 10 Best Hotels in Atlanta – The Guardian
The Artmore received press from the prestigious Guardian UK, a major newspaper in The United Kingdom in an article about where to stay in Atlanta. The Artmore was listed second and featured its signature water/fire pit in its courtyard. his handsome boutique hotel, the reinvention of a historic 1924 apartment building with Spanish accents, appears […]
How Much Does it Cost to Build a Hotel – 2015
Here we are again, it is that time of year again where we look at how much it costs to build a hotel. Despite what has seemed like a euphoric atmosphere for new build, 2014 construction for residential building has been billed as “anemic.” This lack of residential construction has served other asset classes well in limiting […]
Keith Space Quoted in Hotel News Now
Recently Keith Space was interviewed by Hotel News Now regarding how to successfully operate an independent hotel’s restaurant and bar for an article titled Local business a must for independents’ F&B. Why rely on local business? A certain percentage of street business drives any hotel restaurant or bar, according to Boutique Hospitality Management CEO Keith Space. […]
In the press again | Hotel News Colombia – Inicia Construcción Sarani Resort en Bocas del Toro, Panamá
BHM’s Panama development project, Sarani Resort, was featured in Hotel News Colombia in a story titled Inicia Construcción Sarani Resort en Bocas del Toro, Panamá. The story highlights our resort that will soon be coming to Bocas Del Toro on the private island of Isla Pastor. Colombia, after the United States, is the largest contributor of Panamanian tourism. Read […]
Press Release: BHM Breaks Ground and Begins Construction on Sarani Resort in Panama
Bocas del Toro, Panama – (August 11, 2014) – Union Hanover – a London-based specialty real estate investment and development company with a hospitality focus – announced today it has broken ground on Sarani Resort in Bocas del Toro, Panama. Construction has now commenced on the first phase, 37 hotel bungalow suites, that will encompass the eco-minded luxury […]
Hotel Management Agreement Pricing
Negotiating a Hotel Management Agreement can be a much longer process than you imagined. What goes into making the agreement, which looks more like a book, is going to form the business relationship that may last as long as 30 years or hamper your ability to exit a property effectively. Negotiating the best contract for […]
Artmore Hotel – Midtown | Atlanta, Georgia
The Artmore Hotel is a distinctive Midtown Atlanta Hotel that completely bucks the trend of the corporate hotel in Atlanta. Boutique Hospitality along with Jamestown properties took over the former Granada Suites Best Western Hotel with the vision of turning it into a small, yet upscale boutique hotel. Located one stop down from the Midtown […]