prweb | April 25, 2023
Pendry Hotels & Resorts today announced the development of Pendry Barbados and Pendry Residences Barbados, slated to debut in 2026. The first international destination from Pendry Hotels & Resorts, this island oasis will bring Pendry’s signature sensibilities and contemporary luxury offerings to a stunning Caribbean setting in St. Peter, on the country’s coveted west coast.
Pendry Hotels & Resorts will reimagine the existing Port Ferdinand Luxury Marina & Residences, and will develop a new luxury beachfront resort and residences with architect, Robert Glazier, and a U.S.-based private investment and development team. Pendry Barbados will consist of approximately 74 oceanfront guest rooms and suites along with 46 private Pendry Residences. Pendry Barbados guests and residence owners will have exclusive access to resort amenities, including a 111-berth marina; multiple dining concepts including a destination restaurant, beach club bar & grille, rum bar, lobby lounge, and pool bar; Spa Pendry with seven treatment rooms; a state-of-the-art fitness center; expansive indoor and outdoor meeting and event space, plus recreation and family-centric offerings including Pendry’s Pinwheel Kids Club and Compass Sports.
“We are incredibly excited to embark on the international expansion of the brand with Pendry Barbados,” said Alan J. Fuerstman, founder, chairman and CEO of Montage International. “With our commitment to creating inspiring experiences in exceptional destinations, we felt an immediate connection to the dynamic beauty and warm, welcoming spirit of Barbados, and we look forward to introducing our guests, homeowners and the local community to Pendry while creating lasting memories for many years to come.”
An enchanting island of white sand beaches, timeless caves and coral reefs, and an abundance of aquatic adventures, Barbados is also home to cricket, polo, horse racing, golf and a distinguished culinary scene—all of which will be embodied in the thoughtfully designed, amenity-rich, Pendry Barbados. The resort will offer private membership to an exclusive marina club in Port Ferdinand, featuring a variety of yacht berth sizes. Special amenity highlights include well-appointed dockside boat storage and dedicated individual vessel services to provide the ultimate sailing and boating experience with personalized access to onboard provisioning, dining, housekeeping and assistance with family excursion planning.
“The setting for Pendry Barbados is magical – a pristine beach, luxury marina, and lush forest intersect to create an incredibly unique environment,” said Michael Fuerstman, co-founder, Pendry Hotels & Resorts. “We are so inspired by this captivating destination, and thrilled to bring forward sophisticated architecture and design, and the unique amenities, experiences and adventures for which Pendry Hotels & Resorts is known.”
About Pendry Hotels & Resorts
Pendry Hotels & Resorts is a contemporary luxury hospitality brand from Montage International. Pendry combines inspired design with a celebration of culture and authentic service tailored to today’s cultured world traveler. Founders Alan J. Fuerstman and Michael Fuerstman's well-seasoned experience in the hospitality industry serves as the foundation for the brand, injecting each property with a unique perspective on contemporary style, and an emphasis on the arts and local community in the city it calls home. The portfolio of hotels includes Pendry San Diego, Sagamore Pendry Baltimore, Pendry West Hollywood, Pendry Chicago, Pendry Manhattan West, Pendry Park City and Pendry Washington DC – The Wharf. Opening in 2023 is Pendry Newport Beach. Opening in 2024 is Pendry Natirar and Pendry La Quinta. Opening in 2026 are Pendry Tampa and Pendry Barbados. Pendry Hotels & Resorts is a member of Preferred Hotels & Resorts.
businesswire | May 03, 2023
SPB Hospitality, an industry-leading operator and franchisor of casual, upscale, and brewery restaurants, today announced the completion of its merger with Krystal Restaurants, adding one of the nation’s most iconic restaurants to its growing portfolio of independently operated hospitality brands.
Founded in 1932 in a single Chattanooga, Tennessee location, Krystal today operates nearly 300 restaurants across 10 states, powered by a team of over 3,500 employees. For 90 years, Krystal has maintained its unwavering focus on delivering a one-of-a-kind taste experience through unique menu items offered at a great price. To support its team in maintaining a consistent brand experience across its growing portfolio of locations, Krystal created its Atlanta-based Restaurant Support Center, which provides real-time support and service for Krystal team members nationwide.
“We are thrilled to welcome Krystal to the SPB Hospitality family,” said Josh Kern, SPB Hospitality Interim Chief Executive Officer. “Krystal’s innovative approach to their menu, marketing, and overall strategy is inspiring, and over its 90-year history, Krystal has demonstrated its commitment to SPB’s overriding vision of providing a truly exceptional guest experience.”
Each brand in the SPB portfolio will continue to operate independently, allowing brands to enhance their unique identity to build affinity with consumers. The team will collaborate to share strategic thinking and best practices across brands, taking advantage of shared services and systems to enable restaurants to run more smoothly. With the addition of Krystal, SPB Hospitality supports a work force of 18,500 individuals.
“We continue to have enormous confidence in SPB Hospitality and the work the team is doing to build the most successful restaurant group in the industry,” said Morgan McClure, President of SPB Hospitality and Managing Director at Fortress Investment Group LLC. Funds managed by affiliates of Fortress own SPB, which was created in 2020 to manage its growing portfolio of hospitality brands. “Krystal’s time-honored brand, and dynamic team, are significant additions to the SPB portfolio and a major step forward in achieving SPB’s vision.”
About SPB Hospitality
SPB Hospitality is a leading operator and franchisor of full-service dining restaurants, spanning a national footprint of hundreds of restaurants and breweries in 35 states and the District of Columbia. The Company’s diverse portfolio of restaurant brands includes Logan’s Roadhouse, Old Chicago Pizza & Taproom, and a collection of high-end restaurant brands including J. Alexander’s, Merus Grill, Redlands Grill and Stoney River Steakhouse and Grill. SPB Hospitality is also one of the largest operators of craft brewery restaurants in the country, including Rock Bott
businesswire | April 17, 2023
Harvest Portfolios Group Inc. is pleased to announce the completion of the initial offering of Class A Units of the Harvest Travel & Leisure Income ETF pursuant to a prospectus dated April 4, 2023, filed with the securities regulatory authorities in all of the Canadian provinces and territories. The Class A Units of the Harvest Travel & Leisure Income ETF will commence trading on the TSX today under the following ticker symbol: TRVI:TSX.
TRVI captures the travel & leisure industry through a diversified index portfolio of Airlines, Cruise Lines, Hotels, Resorts, Casinos, and Online Booking Services. It earns a high monthly income distribution through the application of an active & flexible covered call option writing strategy.
The ETF is launching with an initial target yield of 10.4%. The first monthly distribution will have a record date of May 31, 2023 with a payable date of June 9, 2023.
TRVI tracks the Solactive Travel & Leisure Index GTR which encompasses the 30 largest travel & leisure related companies listed in North America by market cap. It is the same index tracked by the Harvest Travel & Leisure Index ETF, which was launched in 2021 as the first Canadian ETF to exclusively capture the travel & leisure industry.
“TRVI like TRVL is a first in Canada, offering exposure to the lucrative Travel and Leisure market with the addition of an attractive monthly income generating portfolio” said Michael Kovacs, President and CEO of Harvest ETFs. “The Travel & Leisure industry has long-term structural demand drivers, such as retiring baby boomers, and millennials that are entering their peak earnings years. We saw those when we launched TRVL in 2021. Now TRVI offers investors access to those same tailwinds, with the addition of high monthly income earned through Harvest ETFs’ active & flexible covered call option strategy.”
About Harvest Portfolios Group Inc
Founded in 2009, Harvest is an independent Canadian Investment Fund Manager managing $3.3 billion in assets for Canadian Investors. At Harvest ETFs, our guiding principles are premised on building wealth for our clients through ownership of strong businesses that have the potential to grow & generate steady income over time. Harvest ETFs offers an innovative suite of exchange traded funds, mutual funds and publicly-listed structured fund products designed to satisfy the long-term growth and income needs of investors. We pride ourselves in creating trusted investment solutions that meet the expectations of our investors.