Hotel Newport Beach; New Name for Hotel Not Chosen Yet
|By Sandi Cain
Orange County Business Journal Staff
August 11, 2005 - The Irvine Company said Thursday that it plans to take over management of the 295-room Four Seasons Hotel Newport Beach at the end of October.
The move is part of the company’s strategy to manage its hotels, golf courses and shopping centers. A new name for the Four Seasons has not yet been chosen.
Last month, the company said it would manage the 204-room Pelican Hill resort it is building at Newport Coast as well as the Clubhouse at Pelican Hill, which previously was managed by the Four Seasons.
The company had added executives with hotel and golf experience to help build its resort division, said Clarence Barker, president of the investment property group for the Irvine Co., in a recent interview.
“Being in Orange County and with the asset base we have, we believe
we’re uniquely positioned to understand the market here,” he said.
Others in the hospitality industry said they didn’t think the Four Seasons
move would have a significant impact on the OC hotel market.
“But they’ll probably show a better profit, because Four Seasons hotels tend to operate at high expense ratios,” he said. “The market is extremely strong. Owner sentiment must be that they can do as well on their own.”
The Four Seasons is a member of The OCeanfront, a marketing partnership promoting coastal hotels. The Irvine Co. also participates in the partnership.
|Also See:||Swiss Hotelier Hans Maissen Turns Career to Golf Course Hospitality / August 2004|
|Ten California Coastal Resorts Put Aside Competition, Band Together to Make Marketing Pitch / Sandi Cain / May 2005|