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Acquisitions & Hotel Openings

New Williams Inn to Open in 2019

Olympia Hotel Management Now Oversees Existing Williams Inn and Will Manage the New 64-Room Hotel

PORTLAND, ME. August 17, 2017 - Olympia Hotel Management is proud to announce that it has assumed management of The Williams Inn in Williamstown, Massachusetts. The property is owned by Williams College, one of the country’s top-rated liberal arts colleges. Olympia Hotel Management is delighted that Williams College is its newest client in a growing portfolio of campus hospitality properties. Olympia is also engaged to support development of a new Inn for the college and will manage that property once it is open.

“We are excited to have a strong partner for this project,” said Fred Puddester, Vice President for Finance & Administration and Treasurer at Williams College. “Olympia will bring the new Inn to life and operate it as not only a hotel, but as a community space."

The new 64-room hotel, which is currently in the design development phase, will be reflective of the architecture of New England farms. Built of stone and wood, the new Williams Inn is meant to evoke a farmhouse, while the restaurant and bar will be housed in a barn-like structure, offering a true sense of place in the northern Berkshires. Cambridge Seven Associates are the architects for the project, with interior design by Bill Rooney Studio.

The new Williams Inn will offer a full service restaurant, 3,200 square feet of meeting and event space and a fitness center. Located at the end of Spring Street, the new hotel will integrate with the town’s main street experience and its commercial center. Both The Clark Art Institute and the Williamstown Theatre Festival are just minutes away from the site. Completion of the new hotel is anticipated for late spring of 2019. Olympia Hotel Management is now managing the present Williams Inn at the intersection of Routes 2 and 7 in Williamstown, which will continue to operate until the new Inn is open.

Olympia Hotel Management is nationally recognized for developing and managing such college-owned properties as The Alfond Inn at Rollins (Rollins College) in Winter Park, Florida; The Hotel at Oberlin (Oberlin College) in Oberlin, Ohio; The Inn at Swarthmore (Swarthmore College) in Swarthmore, Pennsylvania; and a new hotel for Colby College that’s currently under development in Waterville, Maine.

“We’re thrilled with our partnership with The Williams Inn and Williams College,” said Sara Masterson, Vice President, Hotel Management of The Olympia Companies. “It is an honor to add this prestigious affiliation to our growing campus hospitality portfolio and we look forward to becoming part of the Williamstown community.”

About Olympia Hotel Management

Olympia Hotel Management is part of The Olympia Companies, the innovative leader in high profile real estate development, equity and hospitality management projects throughout the U.S. responsible for creating a new breed of sustainable, environmental and philanthropic hotels managed, developed and/or owned by The Olympia Companies. The award-winning company is led by President and CEO Kevin Mahaney, an Olympic Silver medalist and a leader in capital asset management, business and real estate. The Olympia Company’s dynamic and pedigreed executive team delivers expertise in hotel development, LEED building design and construction, project management, operational oversight, branding, feasibility and market analysis, as well sales and marketing. The company currently has 22 hotel projects under management or development in the U.S. For more information, visit www.theolympiacompanies.com

About Williams College

Founded in 1793, Williams College is the second-oldest institution of higher learning in Massachusetts. The college’s 2,000 students are taught by a faculty noted for the quality of their teaching and research, and the achievement of academic goals includes active participation of students with faculty in their research. Students’ educational experience is enriched by the residential campus environment in Williamstown, Mass., which provides a host of opportunities for interaction with one another and with faculty beyond the classroom. The college provides grants and other assistance to meet the demonstrated needs of all who are admitted. https://www.williams.edu/

Contact:
Gayle Conran
gconran@conranpr.com
212-447-1010

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.