Coastal Hotel Group Purchased by Senior Management
by Yogi Hutsen, Coastal's President & Chief Executive
SEATTLE, Washington - August 2006 - Coastal Hotel Group, a full-service
hotel management and development services company, has been purchased by
its senior management team. The announcement was made by Yogi Hutsen, Coastal’s
President & Chief Executive Officer.
Says Hutsen, “This is an exciting new chapter for Coastal Hotels. Presently
we’re working on five new development deals – one each in California, Arizona,
and Idaho, and two in Oregon. Coastal is also proud to be a preferred management
company with Starwood Hotels & Resorts. Given the vision of our investor
group and new access to capital, we are now positioned to take full advantage
of Coastal’s excellent reputation among hotel owners and developers, as
well as our guests.”
Hutsen, a thirty-year hospitality veteran, joined Coastal Hotels in
2004. Previously, Hutsen was COO for Noble House following five years as
Regional Vice President for Starwood in Seattle. Other senior leaders are
Ed Schwitzky, Senior Vice President Sales & Marketing, and Peter LaFemina,
Chief Financial Officer. Schwitzky spent over twenty years with Westin
Hotels & Resorts in sales and marketing leadership positions. LaFemina
has more than twenty-five years of financial management experience in hospitality
and gaming, including fifteen years with ITT Sheraton. Additional investors
in Coastal include Frank Finneran, a long-time executive with Westin and
experienced hotel developer, and Stuart Rolfe, a prominent Seattle attorney
and President of Wright Hotels, Inc.
The company was acquired from former owners Don Simplot and Doug Toms
for an undisclosed amount. Coastal Hotel Group currently manages seven
hotels in four states.
Coastal Hotel Group Contracted
to Manage the Historic Delta King Hotel,
an 80-year-old Ship Permanently
Moored in Sacramento, California
Hutsen, Coastal’s President & CEO. says, “The Delta King Hotel is a
wonderful addition to the Coastal portfolio, both because of its uniqueness
and location in California’s capital city. In fact, the Delta King is a
complete entertainment complex, with its 44 classic staterooms, famed Pilothouse
Restaurant, and eight function rooms plus decks and landings providing
more than 11,000 square feet of unparalleled banquet and meeting space.
We are grateful to the Coyne family for entrusting Coastal Hotels to manage
this special asset and value their continuing involvement in the Sacramento
Charlie Coyne, Chairman of the Delta King’s Board of Directors adds,
“Coastal’s leadership impressed me with their extensive knowledge of hotel
operations and marketing. I am confident our decision to have Coastal Hotels
manage the Delta King will bring positive results for us, our employees,
and our guests.”
The Delta King is an authentic 285-foot riverboat. Together with its
identical twin, the Delta Queen, the ships were christened on May 20, 1927
and began their daily river voyages between San Francisco and Sacramento.
These royal vessels reigned on the Sacramento River until the late 1930s,
when the depression and World War II signaled the end of the stern wheel
era. Both the King and Queen were drafted into the US Navy to serve on
San Francisco Bay as net tenders, floating barracks, troop transports,
and hospital ships. At the conclusion of the War, the Delta Queen was taken
via the Panama Canal to the Mississippi River where she is still in operation.
The King was shuttled between Canada and California with visions of becoming
a floating Ghirardelli Square or Chinese restaurant, these dreams dashed
by the ship’s disrepair and litigation. In 1984, after being partially
submerged for eighteen months in San Francisco Bay, the Delta King was
purchased by the Coyne family and towed to Sacramento. Following a $9 million
dollar five-year long total renovation, the Delta King was returned to
its original glory and reintroduced as the monarch of the Sacramento River.
Today the Delta King is permanently moored in Old Sacramento, one of America's
finest restored historical areas boasting river-front parks, museums and
galleries, plus more than two-hundred specialty shops and restaurants.
About Coastal Hotel Group
Coastal Hotel Group is a privately held, Seattle-based full-service
hospitality management company specializing in distinctive luxury hotels,
resorts, inns, and lodges. Established in 1987, Coastal Hotel Group has
earned a reputation for providing remarkable lodging choices for the discerning
traveler. The Coastal collection includes such unique properties as Salish
Lodge & Spa outside Seattle, among the World’s Best on the Conde Nast
Traveler 2006 Gold List, and the Spindrift Inn in Monterey, named a Readers’
Favorite by Departures magazine. For more information, visit www.CoastalHotels.com
or call 206-388-0400.