Marriott Development’s Post

For brands and developers like Related Group, luxury branded residential offerings come with financial advantages. Once operational, residences and hotels can share costs on services, labor, and other financials: https://lnkd.in/d3se3qfm “Most luxury hotel developments now have a residential component because that allows the developer to have funds coming from different places,” explains Dana Jacobsohn, chief development officer, U.S. luxury brands and global mixed-use at Marriott. John Hearns, senior vice president of the hotel company’s residential operations, adds, “When the hotel is open and owners are living in the building, they provide meaningful revenue—they’re eating in the restaurants, they’re using the spa.”

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James Twigg Sr

President/Owner at Strategic Caribbean Consultants

4mo

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