News for the Hospitality Executive
Obaluxe Hotel Advisors Assumes Management of the
Wyndham Garden Hotel in Boca Raton, Florida
WEST PALM BEACH, Fla. – March 26, 2009 – Obaluxe Hotel Advisors announced today that the group has begun working with Wyndham Garden Hotel, 1950 Glades Road in Boca Raton, Fla. Obaluxe will act as a third-party management company, working directly with the Wyndham Garden management team and offering assistance in asset management, operations, sales & marketing, strategic planning and market research functions.
Obaluxe Hotel Advisors is the third party management arm of The Obadon Hotel Group, which owns and manages a collection of luxury hotels including the historic Brazilian Court Hotel in Palm Beach and the Mayfair Hotel & Spa in Coconut Grove. As a full-service hospitality industry asset management and consulting firm based in West Palm Beach, Fla., Obaluxe’s diverse experience includes significant background in the areas of hotel development, renovation and property management with a renowned client roster.
“We look forward to working with the team at Wyndham Garden Hotel to maximize their potential as a key player in south Florida hospitality,” said Jay Litt, executive vice president of Obaluxe and hospitality industry veteran.
Obaluxe boasts an extensive collection of hotels, resorts and hospitality assets. “The Obaluxe approach is simple,” Litt says. “We assess the individual client's situation, analyze market and competitive conditions that may bear on the client's position, and implement modifications to existing practices.” The company also provides verbal and written documentation of its observations and recommendations, with a detailed follow-up and implementation schedule for client use. With this approach, Obaluxe guides and directs while establishing a positive ongoing bond between ownership and third-party management.
|Also See:||The 182-room Holiday Inn Towne Center in Boca Raton, Florida, Acquired by HEI Hospitality for Approximately $8.5 million / Oct 2002|