Artesano Hotel Partners’ mission is to achieve exponential growth by forming strategic partnerships that allow us to build new hotels, acquire existing properties in lucrative markets, and work with under-performing hotels to re-position them for growth advancement. We unlock hidden value by utilizing a disciplined approach that targets core components that drive value with a capital infusion to affect market re-positioning, branding and enhancing the amenity set. Our team focuses on marketing, operations, and positioning to achieve increases in revenue, identify expansion opportunities, and concentrate our resources to ensure our properties are staged for long-term success.
Artesano brings decades of combined experience and hands-on expertise while encouraging our operating partners to use an entrepreneurial approach and empower their associates to take initiative, be proactive, and contribute to the success of their assigned property with well-defined strategies and objectives from conception to completion.
About
Artesano Hotel Partners is primarily engaged in direct quality investments focused across all class facets of hotel properties located in strong and emerging U.S. lodging markets including premium branded properties of Marriott, Hilton, Hyatt and IHG as well as Independent Boutique Properties. The company seeks to acquire boutique, limited and full-service hotels in the 50 to 200 room range, which can benefit from an injection of strategic capital and attentive operations to become a market leader. This undertaking is affixed by commitment and investment and is predicated upon:
Developing: Expanding new development opportunities along with our current and future investor groups through geographic diversification.
Acquiring: Expanding with our current and future investor groups through opportunities to purchase existing properties and re-position in the market place by renovating and/or re-branding.
Optimizing: Growing with a long-term commitment to enhance the performance and profitability of our existing properties through capital improvements and aggressive management.
Approach
Artesano specializes in hotel development, repositioning, adaptive re-use and value-add acquisitions across the U.S.
Development Services
Whether Artesano is acting as the project’s developer or co-developer or stepping in as a member of the development team we always employ the following ideals:
Isolate differentiated markets, focusing on key metric historical and future trends
Negotiate and obtain entitlements, variances and city approvals
Identify and negotiate public incentives and/or credits
Apply stringent underwriting standards and in-depth analysis based on extensive market research and experience
Create cohesive and focused team, including Architect, Interior Designer, and General Contractor
Negotiate Architect and Contractor contracts
Oversee all design aspects, model room and brand approvals
Supervise Contractor bid process
Provide value engineering
Maintain project accounting and reporting for owners and lenders
Utilize long standing relationships with architectural and construction firms, as well as key Brand architecture and construction divisions
Manage pre-opening process to assure a smooth transition from construction to operations team
Acquisitions
Identify unique acquisition opportunities utilizing long standing relationships with management companies, brokers, lenders, consultants, brands and owners
Apply stringent underwriting standards and in-depth analysis based on extensive market research and operational experience
In-depth market analysis utilizing industry data, boots on the ground and Artesano’s expertise
Negotiate favorable terms within contracts
Review the Brand and directly supervise re-brand negotiations
Scrutinize PIP Budgets and renovation plans
Operations
Artesano seeks operational benefits provided by appointing Institutional Quality Operators such as Aimbridge Hospitality.
Aimbridge is nation’s largest independent hotel management firm
Proven track record delivering superior returns for its strategic partners
Providing best in class services to each segment of the chain scale including resorts, luxury and lifestyle hotels
Scale provides owners with benefits in operating platforms, technology, procurement and top talent
Unique access to capital, brand relationships, local market knowledge, and business development teams