Stein Hotels and resorts announces North America Expansion
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Stein Hotels and resorts announces North America Expansion
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Category: North America & West Indies / Carribean islands
This is a press release selected by our editorial committee and published online for free on 2007-10-26
STEIN HOTELS AND RESORTS, OWNER AND OPERATOR OF A UNIQUE COLLECTION OF LUXURY LIFESTYLE HOTELS ACROSS EUROPE, HAS LAUNCHED THE EXPANSION OF ITS OPERATIONS INTO NORTH AMERICA.
Chairman David Stein says "When we began the company in December 2001, we announced our plan to have 25 hotels operating in Europe within the decade. Almost everyone believed that was just an ambitious dream. However, five years later we have 23 hotels in the portfolio, with 17 currently operating and new opportunities on the way, so we are well ahead of our original target. Therefore, we decided to optimize the value of our brand, the special technology that we have created for intimate, small luxury lifestyle operations and the outstanding team of professionals that we have developed, in an aggressive North American expansion program. Luxury travel in the early 21st century will be more and more defined by individual experiences. People don’t want homogeneity – they want to stay in infinitely unique hotels, enjoy the differences that each one offers, dine on great local cuisine while experiencing personalized, warm and unpretentious service".
Running the North American Operation from our offices in the Equitable Building on North Michigan Avenue in Chicago will be Tanya Franco, CEO for North America. Bringing many years of hotel experience to her role, Franco says, “Given the shifting demographics of today’s high-end hotel and resort guests, evolution of technology, increasing guest sophistication, and trends in consumer usage patterns, there is no doubt that the era of customization is upon the lodging industry on a global basis. Stein Hotels and Resorts’ commitment to quality, philosophy and history in Europe is perfectly positioned to take advantage of the discernible needs of tomorrow's guests. Sharing the same philosophy and commitment to quality, I am excited by Stein Hotels and Resorts’ ability to capitalize on this clearly identifiable opportunity, to blend the lessons and experience that has been gleaned in Europe with the market driven needs and unfulfilled demand in North America".
About Tanya Franco
Tanya Franco was born in London and educated in the United States. A citizen of both the U.S. and U.K., she attended Washington University and graduated with a dual Bachelor of Arts degree in History and in Education.
Following her graduation from University, she joined U.S. Equities Realty in Chicago, Illinois and went from there to Hyatt Hotels and Resorts at Hyatt Regency O'Hare where she focused on convention services and sales and was then promoted to Hyatt Corporate Offices where she specialized in group marketing.
In 1997, Tanya Franco joined Strategic Hotels and Resorts as one of the founding executives where she oversaw more than $1billion in renovations world wide. In 2001, Tanya was promoted to Executive Vice President of the company and Managing Director of Strategic Hotel's European entities including acquisitions, dispositions, financing, asset management, capital expenditures and corporate reporting, whilst continuing her responsibility for all capital projects throughout the corporation.
Some of the capital projects Tanya executed while at Strategic Hotels and Resorts include renovating, repositioning and rebranding Essex House in New York City, the repositioning and renovation of the Ritz-Carlton Laguna Niguel and the Loews in Santa Monica, the renovation of the Four Seasons Mexico City and the Intercontinental Prague and the development of the Private Residences Club at the Four Seasons Punta Mita.
Tanya currently lives in Chicago, Illinois with her husband and children.
Understanding Stein Hotels and Resorts
Stein Hotels and Resorts currently owns and/or operates 17 luxury properties throughout Europe, including destinations such as the French Riviera, Tuscany, the Amalfi Coast, Mallorca, London and Amsterdam. The group philosophy is to include characterful properties in great locations, with excellent restaurants and warm, attentive service and a self-imposed upper limit of 125 rooms in any property. The basic premise will be the same for North America, but with an upper limit of 200 rooms to allow for the larger scale of North American hotel operations. Key areas in the USA are urban gateway markets such as New York, Chicago, Washington DC, Los Angeles or Miami as well as resort locations such as Laguna Niguel, South Beach, Scottsdale and others. Canada, Mexico and the Caribbean will also be high on our list.
Stein Hotels and Resorts' services include operational management, finance, controlling and treasury, sales and marketing, pre-opening and technical services.
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