The Belamar Hotel, Manhattan Beach

In March of 2004, LHG took over as Project Manager for the complete renovation of Barnabey's Hotel, a 127-room closed hotel property in Manhattan Beach, California.  The previous project managers had allowed the renovation to be shut down by the city due to permit violations and had allowed the original $3,000,000 renovation budget to mushroom to over $6,000,000.  LHG immediately re-established favorable relations with the building department and regained control of the renovation budget.  This hotel reopened in March of 2005 as an elegant, upscale boutique hotel. LHG served as manager of the hotel until it was sold in late 2006.

The Radisson Hotel, Chatsworth

In July of 2000, LHG took over operation of The Chatsworth Hotel, located in Los Angeles’ San Fernando Valley.  The hotel was purchased from an owner/operator with little experience in the hotel industry.  This full-service, four-star, 148-room hotel was purchased by LHG in association with a Los Angeles-based real estate investment fund.  Upon acquisition, LHG conducted a $1 million renovation of the hotel, acquired a Radisson Hotels franchise affiliation, and restructured management of the facility.  When LHG took over this property, occupancy was averaging 56.4% and average rate was $87.61.  This resulted in annual revenues of approximately $3,500,000.  In 2002, occupancy approached 65% and average rate exceeded $105.00.  As a result, Total Revenue increased to almost $4,500,000.  In 2003, this performance is expected to improve even further.  Plus, 45% of Total Revenue is now being brought down to the Gross Operating Profit line.  This sort of profit margin is almost unheard of amongst full-service franchised hotels.