Lowe Announces the Launch of CoralTree Hospitality Group
“Lowe’s legacy of hospitality, dedication to customer service and respect for the value of relationships, developed over 46 years of hotel and resort management, is ingrained in our culture and naturally continues with CoralTree Hospitality,” said CoralTree Hospitality President Thomas Luersen. “We take a different approach to travel by delivering distinctive, memorable experiences that celebrate the surroundings, community and culture of each individual property. No two visits to our properties will be the same. Further, as hotel owners and developers ourselves, we have a firsthand understanding of how to optimize the value of every hotel we manage.”
The 17 hotels and resorts currently managed by CoralTree Hospitality Group include independent, branded and soft-branded properties such as Terranea Resort on the Southern California coast, the El San Juan Resort in Puerto Rico, Hotel Lincoln in Chicago, and Hotel Talisa in Vail, Colorado.
In addition to providing onsite hotel and resort property management, CoralTree also provides hotel and resort asset management services. It currently oversees Lowe’s resort investments, including Wild Dunes Resort near Charleston, Sunriver Resort in Central Oregon and Suncadia Resort outside of Seattle, as well as hotel properties being developed by Lowe in Southern California and at the Charleston waterfront.
“As we grow, strategically and selectively, we will focus on lifestyle hotels and resort communities where our 46 years of experience and customized approach can make a real difference to the guest experience and create economic value for the owner,” added Lowe’s Co-CEO and Chief Investment Officer Michael Lowe.
Lowe formed Destination Hotels in 1973 to operate two properties it owned and proceeded to grow the company into a significant operator of independent and lifestyle hotel and resort properties throughout the U.S. Two Roads was created in 2016 when Destination Hotels merged with Commune Hotels and Resorts, a Geolo-owned company, establishing Two Roads as the largest global collection of lifestyle hospitality brands. Two Roads Hospitality was sold to Hyatt in December 2018.