An investment vehicle managed and led by Lifestyle Hospitality Capital (LHC) Group and backed by funds advised by Elliott Investment Management L.P., has acquired The Gates Hotel South Beach.
The 235-room hotel will undergo a transformative renovation, following which it will be rebranded as The Dean Hotel – Miami Beach. As the U.S. flagship hotel of the Dean Group, the new design and concept will deliver a unique lifestyle hotel product and a bar, restaurant, pool and rooftop experience.
The hotel will be operated under the Dean brand, part of the Dean Group, which operates other lifestyle hotels such as The Clarence, The Mayson and The Leinster, as well as restaurants and bars such as Sophie’s, Ryleigh’s and Layla’s in Europe.
“We are thrilled to have acquired such a high-profile hotel in the fast-evolving Miami Beach hotel market,” said Keith Evans, founder/CEO, LHC. “The Gates Hotel South Beach offers significant potential for repositioning into one of Miami’s leading lifestyle hotels. This is an exciting first move for the Dean brand as it begins to build its presence across the U.S., following the recent expansion of the Dean Group into Munich and Berlin.”
The post LHC Group acquires The Gates Hotel South Beach appeared first on hotelbusiness.com.
Source: hotelbusiness.com
Rosewood Hotels & Resorts to Launch Its First Property in the Dominican Republic by 2029
The resort will be on 50 acres of prime real estate, including 400 meters of untouched beachfront. Source: hotelnewsresource.com … [Read More...]
New SiteMinder Report Reveals Hotel Revenue Up to 60% Higher from a Direct Booking Than Other Booking Sources
A new report by SiteMinder, the world’s leading hotel distribution and revenue platform, reveals that hotel websites outperformed all other booking sources in driving revenue per booking in 2024, by as much as 60%. Source: hotelnewsresource.com … [Read More...]
U.S. Sees Unprecedented Growth in Hotel Construction Pipeline
The U.S. hotel construction industry marked a record&breaking year in 2024, with 6,378 projects in the pipeline, as per the latest Hotel Construction Pipeline Trend report by Lodging Econometrics (LE). Source: hotelnewsresource.com … [Read More...]
Four Seasons Announces New Private Residences in Tamarindo, Mexico
The development includes a collection of 25 luxury villas and estates, following the success of the Four Seasons Resort Tamarindo, which opened in November 2022. Source: hotelnewsresource.com … [Read More...]
Wyndham's Viva Resorts Opens New All&Inclusive Getaway in Dominican Republic
Viva Miches by Wyndham, an all&inclusive resort in the emerging tourist destination of Miches, Dominican Republic, is now open for bookings. Source: hotelnewsresource.com … [Read More...]
Marriott Set to Open World's Largest Courtyard Hotel in Saudi Arabia
Marriott International has revealed plans to open a 2,179&room Courtyard by Marriott hotel in Makkah, Saudi Arabia. Source: hotelnewsresource.com … [Read More...]
Redefining the Travel Distribution Landscape: Opportunities and Challenges for Business Travel
The business travel industry’s evolution demands more efficient, dynamic, and customer&focused travel distribution systems. Advanced distribution capabilities, often referred to as New Distribution Capability (NDC), present a transformative opportunity for stakeholders & from travel management companies (TMCs) to hoteliers & to address persistent challenges and unlock new … [Read More...]
HVS Market Report & Halifax, Nova Scotia
The Nova Scotia lodging market, particularly in Halifax, has experienced rapid growth in the years following the pandemic. In 2024, provincial RevPAR levels are projected to reach 128% of their 2019 benchmark, driven by rising ADR and an enhanced hotel supply. Source: hotelnewsresource.com … [Read More...]
Downloadable Guide: Creative Strategy: The Key to More Direct Bookings In 2025
A strong creative strategy is the foundation of a website designed to drive conversions and a key to increasing direct bookings. According to a 2023 study by Yahoo!, creative accounts for 79% of top&of&mind ad recall, making it the strongest driver of ad effectiveness and brand perception. Source: hotelnewsresource.com … [Read More...]
How To Attract More Hotel Guests With Data&Driven Digital Marketing Services
As the most prosperous properties and travel brands have discovered, in the information age, data can be a monumental difference&maker. By using powerful, data&driven digital services, hoteliers can set their hotel marketing strategies apart, drive more bookings & and boost their profits. Source: hotelnewsresource.com … [Read More...]