Acquisitions & Hotel Openings

Pyramid Hotel Group Celebrates Official Opening of AC Hotel Miami Aventura with Ribbon Cutting Ceremony

MIAMI, FL. October 26, 2017 - The opening of the AC Hotel Miami Aventura by Marriott® was celebrated on October 5th, with a ribbon cutting ceremony and a vibrant cocktail reception. Aventura Mayor Enid Weisman, along with members of the City Commission and South Florida business leaders, welcomed the new property to the city. The 233-room property is located at 20805 Biscayne Boulevard, Aventura and opened its doors in July.

“With the property’s ample meeting space, beautiful guest rooms and exciting AC lounge and AC kitchen, the AC Hotel Miami Aventura is filling the need for stylish, contemporary lodging in our community,” said Mayor Weisman. “It is a beautiful hotel, ideal for hosting out of town guests, conducting business meetings, hosting groups or socializing. We are delighted to officially welcome the AC Hotel to Aventura!”

The mayor was joined by Alan E. Pinado, Jr., general manager, elected officials, Gary Pyott, chairman of the Aventura Marketing Council, and more than 120 guests. Following the ribbon cutting in the hotel’s lobby, guests toured the meeting space, guest rooms, sundeck pool, and enjoyed light bites and craft cocktails from the hotel’s signature AC Lounge, with entertainment provided by guitarist Cesar Santana.

“Aventura is a dynamic community with a strong business center in South Florida. We are thrilled to be a part of Aventura and we are delighted with the great reception our hotel property has received. Please know that we appreciate all of the community’s support,” said Pinado.

Designed with well-traveled entrepreneurial spirits, the design-led AC Hotel by Marriott introduces an experiential lifestyle brand that has a particular appeal to the millennial mindset, editing away the superfluous in order to create moments of pause for traveling guests.

About AC Hotels by Marriott

AC Hotels by Marriott®, a lifestyle brand that celebrates a new modern aesthetic complemented by a European soul and Spanish roots boasts nearly 90 design-led hotels in Spain, Italy, Portugal, Denmark, Turkey, France and the United States. Design-driven AC Hotels edit away the unnecessary to remove friction, providing thoughtfully designed moments of beauty, allowing guests to focus on what’s important to them. Property highlights include design-savvy guest rooms with sleek furnishings and intuitive technology features. For more information, visit ac-hotels.com

About Pyramid Hotel Group

Pyramid Hotel Group is a privately held, Boston-based hotel company with over 100 hotels and resorts under hotel management and asset management, comprising more than 22,000-plus rooms and over 10,000 employees. Pyramid Hotel Group, ranked among the largest U.S. hotel management companies by independent sources, provides hotel management, asset management and project management services to a broad array of hotel assets ranging from a 90-room select-service hotel to world-class properties with more than 1,000 rooms. Pyramid Hotel Group is a franchisee of all major hotel brand companies and an operator of independent four- and five-star hotels and resorts. Additional information is available at www.pyramidhotelgroup.com

Enid Atwater

Coming Up In The December Online Hotel Business Review

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.