|Starwood Capital opens second Postcard Inn location.|
Wednesday, 26th October 2011
Source : Andrew Calvo ~ Passions Of A Zealot
Starwood Capital has quietly opened a second Postcard Inn Hotel in Florida, beginning what could be a new hip, inexpensive hotel brand; don’t worry – the W and Public Hotels have nothing to worry about – at least not yet.
The first location was opened in October 2009 in St Pete’s Beach, it was formerly a downtrodden Travelodge which hadn’t been updated since the 80′s. It was purchased by B.R. Guest Hospitality, which is 50/50 owned by Starwood Capital, and promoted as B.R Guest’s first Hotel Property.
Since that time it appears B.R Guest has taken a step back from the property as the restaurant has been renamed “Beachwood BBQ & Grill” instead of B.R Guest’s Wildwood BBQ & Grill that it was originally named as, there is almost no mention of Postcard Inn on B.R Guest’s website except for an RFP page that is pretty hidden and it is listed on Hersha Hospitality Management’s website as one of their managed properties.
I came across an article in the Miami Herald that talked about the Holiday Isle resort property, located in the Florida Keys, that was foreclosed upon by Starwood Capital in 2009.
Starwood in conjunction with Hersha Hospitality Management put the property under a $10 million renovation over the summer and has finished the first part of the renovation – renaming it Postcard Inn Beach Resort and Marina, including opening a Shula’s burger (oddly – not a B.R Guest restaurant) and keeping it in the same design class as the original Postcard Inn in St Pete’s beach, including the lower price point.
From the tone of the article as well as the content of the website – the renovation is not 100% completed yet, hence the quiet release of the website and new brand name, but according to the article the new hotel will “open” in December 2011.
So could this be a new Starwood Capital brand that has slipped in under the radar? Can this brand be replicated in non-beachy locations? We’ll have to see, but it’s an interesting development to see another Postcard Inn.
Andrew Calvo is a Commercial Real Estate Advisor in New Jersey. I live in Tinton Falls, NJ. This blog is about my passions - primarily hotels, commercial real estate, and development, etc.
Since I have been in High School I've had numerous jobs, but the field which has always interested me is Real Estate, Hotel Development and Construction. I consider myself a zealot in that area - I try to absorb as much as I possibly can, take the experiences that I learn, or read about and use them in my life.