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"Owners had found particular appeal in the company's proven track record, extensive sales and marketing networks, revenue management practices and ability to benchmark performances across multiple brands, independent properties, and markets," said Richard Holtzman, Senior Vice President of Resort Operations. "The continued growth of this new division is a clear sign of the strength, versatility, and proven abilities of our company and the confidence of our new hotel owners to deliver superior returns".
Over the past year, Pyramid Resort Group's proven ability to maximize cash flows and asset values has been a significant factor in securing new management contracts, the most recent of which include:
- The Westin Lake Las Vegas Resort & Spa re-launched in March 2012 and is located on the shores of Lake Las Vegas, just thirty minutes from the main "Strip." This 493-room resort offers guests the opportunity take advantage of the lake with paddle boarding and kayaking, as well as a trail for biking and jogging. Guests can lounge poolside or perfect their golf swing with 18 holes designed by Jack Nicklaus accessible right nearby. The resort also features five restaurants including the AAA Four Diamond-rated Japanese Restaurant Marssa. An ideal retreat for corporate, incentive and social groups, there is 45,000 square-feet of meeting space to suit any occasion.
- Sawgrass Marriott Golf Resort & Spa is a premier resort with private beachfront access overlooking the 13th hole of the TPC Sawgrass Stadium Course in Ponte Vedra Beach, FL. An ideal escape for corporate, leisure and golf aficionados, the 506-room resort features 160 villas and offers a wealth of recreational possibilities including four pools, a 25,000 square-foot Spa, and a private Cabana Club on the beach for members and guests only. Guests also enjoy access to eight golf courses including the private TPC Sawgrass Stadium and Valley Courses. Casual and fine dining is available at nine resort restaurants. And 60,000 square-feet of modern event facilities create inspired settings for conferences, meetings and weddings. The resort is located near St. Augustine, Cape Canaveral and Daytona Speedway and convenient to myriad area attractions.
About Pyramid Resort Group
Pyramid Resort Group is a division of
Pyramid
Hotel Group, the Boston-based hotel management, asset management and
project
management firm that is the 2nd largest hotel management company in
the U.S. Established in June 2011, Pyramid Resort Group is a smart
business
evolution to enable the company to more aggressively target the resort
business
segment to help resort owners achieve greater profitability and value.
The
resort team is led by Richard A. Holtzman, Senior Vice President, who
brings
more than 30 years in the resort industry and accolades such as "Resort
Executive of the Year" to this role. He was previously vice president
of
DMB, an Arizona-based real estate company, where he had both management
and
asset management responsibilities, including serving as president of
the
Kukui'ula Development Company, a new resort residential community in
Hawaii on
the Island of Kaua'i. Pyramid Resort Group is actively seeking
management
and asset management contracts in the U.S. and Caribbean and has the
potential
to co-invest in situations that it deems appropriate. www.pyramidhotelgroup.com