Boutique Design - September/October 2011 - 38

I N T E R N AT I O N A L

O U T L O O K

The Trump International Hotel & Tower in Toronto (above) features interiors by II by IV Design Associates that emanate a crisp elegance, while the guest spaces in the Trump Ocean Club Panama (below), by Hirsch Bedner Associates, are a study in sunny exuberance.

the U.S. in July, in Panama City, Panama. And later this year, his company will take the wraps off a new hotel tower in Toronto. What’s driving these U.S.-based boutique brands (and others, including Gansevoort Hotel Group, Desires Hotels and Chatwal Hotels & Resorts) into overseas markets? Jeffrey Davis, managing director of Jones Lang LaSalle Hotels, says three main factors are at work: a relative lack of suitable boutique sites in America; a rising tide of younger, wealthy overseas investors who are interested in backing boutique projects; and a desire by hotel operators to tap foreign capital sources for eventual use back in the States. You may be a bit surprised by Davis’ assertion that the U.S. lacks sites for boutique brands. After all, much of the country’s commercial real estate market has been in the doldrums for the past several years, and many hotel buildings and sites have been on the market at discounted prices.

But Davis—whose career includes a stint as vice president of asset management and business development for Ian Schrager when the boutique-hotel pioneer was with Morgans—notes that boutique hotels typically have fairly speci c site needs. “You generally can’t put a boutique hotel into some cookie-cutter building,” he says. “It’s more dif cult to nd buildings or sites— especially in the major U.S. markets—that are both suitable for housing a designdriven hotel and available at a reasonable price. That’s not the case in many overseas markets, which is one of the major reasons

many American boutique operators are looking beyond the U.S. to expand.” Also helping lure boutique operators overseas is a growing crop of youngish yet well-heeled entrepreneurs in such countries as India and China. “Many of these investors are in their 30s, and they ‘get’ the boutique concept better than many older investors do,” says Davis. And in the longer term, some U.S.based boutique operators hope to tap those new investors for projects back in America. “The idea is that by developing relationships with new investors in overseas proj-

38

Boutique Design | September+October 2011

Courtesy of the Trump Hotel Collection (Toronto hotel); Courtesy of Hirsch Bedner Associates (Panama hotel)



Boutique Design - September/October 2011

Table of Contents for the Digital Edition of Boutique Design - September/October 2011

Boutique Design - September/October 2011
From the Editor
Table of Contents
Boutique Buzz
Asian Fusion
Living Up to Its Name
Q+A: Jeff Ornstein
World of Opportunity
Taking Flight
Enlightened Design
BDNY Preview
Indoor Furnishings
Green Products
The Last Detail: Icebar London
Boutique Design - September/October 2011 - Intro
Boutique Design - September/October 2011 - Boutique Design - September/October 2011
Boutique Design - September/October 2011 - Cover2
Boutique Design - September/October 2011 - 1
Boutique Design - September/October 2011 - From the Editor
Boutique Design - September/October 2011 - 3
Boutique Design - September/October 2011 - Table of Contents
Boutique Design - September/October 2011 - 5
Boutique Design - September/October 2011 - Boutique Buzz
Boutique Design - September/October 2011 - 7
Boutique Design - September/October 2011 - 8
Boutique Design - September/October 2011 - 9
Boutique Design - September/October 2011 - 10
Boutique Design - September/October 2011 - 11
Boutique Design - September/October 2011 - 12
Boutique Design - September/October 2011 - 13
Boutique Design - September/October 2011 - 14
Boutique Design - September/October 2011 - 15
Boutique Design - September/October 2011 - 16
Boutique Design - September/October 2011 - 17
Boutique Design - September/October 2011 - 18
Boutique Design - September/October 2011 - 19
Boutique Design - September/October 2011 - Asian Fusion
Boutique Design - September/October 2011 - 21
Boutique Design - September/October 2011 - 22
Boutique Design - September/October 2011 - 23
Boutique Design - September/October 2011 - 24
Boutique Design - September/October 2011 - 25
Boutique Design - September/October 2011 - Living Up to Its Name
Boutique Design - September/October 2011 - 27
Boutique Design - September/October 2011 - 28
Boutique Design - September/October 2011 - 29
Boutique Design - September/October 2011 - Q+A: Jeff Ornstein
Boutique Design - September/October 2011 - 31
Boutique Design - September/October 2011 - 32
Boutique Design - September/October 2011 - 33
Boutique Design - September/October 2011 - 34
Boutique Design - September/October 2011 - 35
Boutique Design - September/October 2011 - World of Opportunity
Boutique Design - September/October 2011 - 37
Boutique Design - September/October 2011 - 38
Boutique Design - September/October 2011 - 39
Boutique Design - September/October 2011 - 40
Boutique Design - September/October 2011 - 41
Boutique Design - September/October 2011 - Taking Flight
Boutique Design - September/October 2011 - 43
Boutique Design - September/October 2011 - 44
Boutique Design - September/October 2011 - 45
Boutique Design - September/October 2011 - Enlightened Design
Boutique Design - September/October 2011 - 47
Boutique Design - September/October 2011 - 48
Boutique Design - September/October 2011 - 49
Boutique Design - September/October 2011 - 50
Boutique Design - September/October 2011 - 51
Boutique Design - September/October 2011 - BDNY Preview
Boutique Design - September/October 2011 - 53
Boutique Design - September/October 2011 - 54
Boutique Design - September/October 2011 - 55
Boutique Design - September/October 2011 - 56
Boutique Design - September/October 2011 - 57
Boutique Design - September/October 2011 - 58
Boutique Design - September/October 2011 - 59
Boutique Design - September/October 2011 - 60
Boutique Design - September/October 2011 - 61
Boutique Design - September/October 2011 - 62
Boutique Design - September/October 2011 - 63
Boutique Design - September/October 2011 - Indoor Furnishings
Boutique Design - September/October 2011 - 65
Boutique Design - September/October 2011 - 66
Boutique Design - September/October 2011 - 67
Boutique Design - September/October 2011 - Green Products
Boutique Design - September/October 2011 - 69
Boutique Design - September/October 2011 - 70
Boutique Design - September/October 2011 - 71
Boutique Design - September/October 2011 - The Last Detail: Icebar London
Boutique Design - September/October 2011 - Cover3
Boutique Design - September/October 2011 - Cover4
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