Boykin Hospitality, a privately-held company based in Cleveland, has taken over management of Ocean Point Resort and Club, a luxury 166-unit condominium hotel affiliated with the SRS World Hotels Deluxe Collection. The resort is in Sunny Isles Beach, Florida, about 25 minutes from the Fort Lauderdale and Miami International airports.
 

�The addition of this property brings our Florida-managed hotel portfolio to five properties and is indicative of Boykin Hospitality�s proven ability to operate lodging properties in a way that is rewarding to the guests, beneficial to our employees and lucrative to the owners,� said Robert Boykin, Chairman of the Board of Boykin Hospitality. �We have proven time and again in our 43-year history that Boykin Hospitality has the knowledge, experience, resources and ability to enhance the bottom-line performance of any lodging operation.� Susan Griffin is the asset manager who worked with Kelco/FB Ocean Point LLC, the resort�s owner, in deciding on a management company to run the property.

Ocean Point Resort and Club 17375 Collins Ave Miami Beach, FL

Rick Spillett, chairman of Kelco, said Kelco will focus its efforts on growing its core business.

�While we have elected to turn over operations to Boykin, Kelco principals retain a significant ownership interest in the resort,� Spillett said. �We chose Boykin for its beachfront resort expertise in Florida and its national resources.�

Griffin said past experience led her to Boykin.

�I have hired Boykin twice before to assist me with lodging assets and its experience gives ownership a strong comfort level,� Griffin said.  �Specifically, for this property, Boykin has had a great deal of success in running beachfront resorts and the owners and I were eager to see that type of experience running this property.�

Griffin said Boykin was an obvious candidate to run the property because of its attention to detail and the accessibility of top management.

�Boykin Hospitality runs properties it has in third-party management contracts as if it has equity interest in those properties,� Griffin said.  �Boykin�s long history of success is important to a property owner.�

Grant Sabroff, Boykin Hospitality�s senior vice president of business development, said the company is focused on serving the needs of third-party owners.

�We have a proven record in enhancing value on under-performing properties and we are thrilled to bring our full resources and capabilities to Ocean Point. Our strength in sales and marketing, yield management and cost control, coupled with our purchasing power will make a noticeable difference to the property owner,� Sabroff said. �Our ability to customize our financial reporting will not only serve the needs of the Ocean Point property owner but will make it easy for us to interface with the condominium association and the unit owners.�

�This is a market that has been affected more than most by the terrorist attacks of September 11, a weakened economy and a general decline in travel,� Boykin said. �We are prepared to meet the needs of lodging owners who are faced with difficulties that are unprecedented in the lodging industry. Our strength is the attention we give to the bottom line, the guests, and the property owners. Boykin Hospitality is ready to help lead hotel owners through these troubled times.�

Ocean Point is a 27-story condominium hotel featuring a mix of studio and over-sized one-, two-, and three-bedroom suites with oceanfront and intercoastal views. The resort�s suites range in size from a 400 square foot studio unit to a 1,900 square foot three-bedroom suite. All suite units offer spectacular ocean views from every terrace with each containing a dining and living room, full kitchen, Jacuzzi baths and separate showers, complete in-room entertainment center with video and CD library, washer/dryer and multi-line, touch-tone telephones with speed dial access. Ocean Point provides its owners and guests with �four-star� level amenities including �The View� - a fine dining restaurant; an open air contemporary lounge, a European health spa with beach and poolside treatment services, a full fitness/exercise center with state-of-the-art cardiovascular machines, and �The Market� - a gourmet market/deli.

The resort�s recreational facilities include a free-form pool with a 25-foot waterfall, two outdoor Jacuzzis, beachfront cabanas, and a beach club providing guests with complimentary use of non-motorized watercrafts on its 205� of linear beachfront.

Ocean Point offers 12,000 square feet of flexible indoor and outdoor meeting and banquet space, all with direct ocean views. All rooms are equipped with Internet access, and are perfectly suited for corporate, weddings and social events. Guests also have access to the resort�s Business Center, which includes wireless Internet access, computer workstations, facsimile and photocopy services, and cell phone and laptop rentals.

Boykin Hospitality is a nationally recognized hotel management company serving owners across a wide range of property types and brands. The company currently manages 20 hotels containing a total of 5,172 guestrooms located in 11 states.