![]() ![]() In addition to being on the opening team of Desert Springs, Fuerstman was responsible for opening several other Marriott properties during his tenure.Īfter leaving Marriott International, Fuerstman joined ITT Sheraton at the El Conquistador Resort and Country Club in Tucson, Arizona, where he was the resort's general manager. Fuerstman became assistant general manager at one of Marriott's Long Island properties before then moving to Marriott's then flagship property, the Desert Springs in Palm Desert, California. He started as the bell captain at the Rancho Las Palmas Resort in Rancho Mirage, California, moving on to manage the front desk, housekeeping, and food and beverage. Career View of the pool at the Montage Hotel in Laguna Beach.įuerstman began his career with the hospitality conglomerate Marriott International, taking a position with the company after graduating from college. ![]() ![]() Fuerstman accepted a position with Marriott to join its management training program. After high school, he attended Gettysburg College where he graduated with a Bachelor of Arts degree in 1978. While attending New Milford High School, he worked part-time as a bellman for a Marriott Hotel. Early life and education įuerstman grew up in New Jersey and began working in the hospitality industry when he was 17. He is listed on the Haute 100 and has won the Ernst & Young Entrepreneur of the Year Award. He is best known as the founder of Montage Hotels & Resorts where he serves as the company's CEO. For more information, please visit Fuerstman is an American entrepreneur and business executive. Ohana owns a collection of properties in some of the most sought-after locations in North America. Founded in 2009, the firm invests in debt and equity via commingled fund vehicles and separate accounts. Ohana Real Estate Investors is a vertically integrated investment firm focused exclusively on the luxury hospitality space. The first sale occurred in December 2019 when Ohana sold Montage Beverly Hills for $2.1 million per key, the highest price-per-key hotel sale in the U.S. ![]() This transaction, advised by global law firm Dentons, marks the second time Ohana has sold a hotel property for more than $2 million per key. “We believe the high-end hotel sector benefits from attractive long-term supply and demand fundamentals, and we intend to be a net buyer of hotel properties in the coming year as we continue to see compelling investment opportunities,” said Franco Famularo, Chief Investment Officer of Ohana. Ohana has been among the most active investors in the hotel sector since the onset of the pandemic, investing in a range of luxury hotel properties and related investments. Sunstone is a well-respected, institutional owner of hotels and we look forward to their ownership of the hotel as we complete the build out of the 68 private residential units.” “The City of Healdsburg and Montage have been incredible partners throughout the development process of this truly unique resort, and we look forward to continuing to collaborate with them. “This sale reflects the strong interest from investors in best-in-class, leisure-oriented resorts as the hotel industry begins to recover from the effects of the COVID-19 pandemic,” said James Cole, Head of Asset Management at Ohana. The resort’s amenities feature multiple pools, a full-service spa and indoor-outdoor dining options, including a multi-level main restaurant and outdoor bar and grill overlooking the resort’s vineyards. Designed using sustainable development practices, the environmentally friendly resort sits lightly within a hillside setting so as not to disturb the area’s natural landscape. Montage Healdsburg is a newly-built, 258-acre resort situated in the heart of California’s wine country in Sonoma County, located just a short distance from downtown Healdsburg. Ohana will retain ownership of the residential parcels within the property and has already begun constructing homes and selling custom homesites that will be affiliated with the resort. REDWOOD CITY, Calif.-( BUSINESS WIRE)-Ohana Real Estate Investors (“Ohana”), a vertically integrated investment firm focused exclusively on the luxury hospitality space, announced the sale of the 130-room Montage Healdsburg to Sunstone Hotel Investors, Inc. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |