Summary
The Stunning Panorama Room at Graduate Roosevelt Island
From the 18th-floor Panorama Room at the Graduate Roosevelt Island, the Manhattan skyline sparkles against the sunset. Glasses clink and shakers clack as bartenders race to keep up with the thirsty crowd reclining on velvet sofas and drinking in the view. Not bad for an on-campus crash pad.
Expansion of Graduate Hotels
Since 2014, Graduate Hotels has expanded from a handful of refurbished properties in college towns such as Ann Arbor, Michigan, and Athens, Georgia, to become a 32-location hospitality empire that extends across the Atlantic to the U.K. “We’ve added 19 properties since 2019,” says Kevin Osterhaus, president of the brand. “However, even at 32 hotels and growing, people are still learning about us.”
The hotel on Roosevelt Island, which opened in 2021 on the architecturally avant-garde campus of Cornell Tech, should help. Therefore, more Graduate locations are slated for 2023, in Auburn, Alabama; Dallas; Palo Alto, California; and Princeton, New Jersey.
New Austin Hotel Features
With its irreverent spirit—at the Nashville hotel, there’s a Dolly Parton–inspired “9 to 5 Suite,” with a California king waterbed and disco-ball-tiled ceilings—Graduate is emblematic of a new wave of young companies that are challenging more established hospitality brands like Hilton and Marriott. Consequently, these chains are becoming more widespread and attracting all types of travelers.
In fact, even the big guys are jumping on the small-is-mighty bandwagon. “I’m really excited about Thompson, and we’re seeing interest globally,” says Mark Hoplamazian, the CEO of Hyatt, which took over the boutique brand known for its stylish design in 2018. It has since added nine properties, with more to come. “We’ve just had a string of really, really strong openings in Dallas and San Antonio, Texas; Savannah, Georgia; and the Buckhead area of Atlanta” he adds.
Embracing Neighborhood Culture
Key to that success, Hoplamazian says, is an emphasis on food and, in many cases, lively rooftop bars that draw in locals, such as the Fleeting restaurant at the Thompson Savannah, where salt-and-pepper shrimp is served with red-rice congee, or Anchovy Social, the top-floor cocktail bar at the Thompson Washington, D.C.
Ace Hotel helped pioneer a locals-first strategy and has found continued success as it has grown to 11 locations, including Brooklyn, New York; Kyoto, Japan; and a newly opened Sydney hotel in a refurbished historic building in the city’s Surry Hills neighborhood. A Toronto property will bring the global total to 12 when it opens in the Garment District later this summer.
However, embracing the neighborhood has now become de rigueur. Consider The Hoxton, which describes itself as “a series of open-house hotels inspired by the diversity and originality of the streets.” Its unique attributes include high-design lobbies and sought-after restaurants that draw both locals and visitors. The Hoxton also delivers affordable room rates—from $179 in Los Angeles and $222 in London—thanks in part to smaller accommodations. Not that guests seem to mind: since its acquisition by London-based developer Ennismore in 2012, The Hoxton has expanded to seven new destinations, including Amsterdam, Chicago, and Rome.
The Standard’s Global Expansion
The Standard, has transitioned from a handful of hotels in the U.S. to a diverse collection of warm-weather escapes around the globe, thanks to investment from the Thai real estate firm Sansiri. The Standard, Maldives, opened in 2019 with 115 villas and an overwater nightclub featuring a see-through dance floor. The latest seaside resort, The Standard, Hua Hin, is about a three-hour drive from Bangkok, while a flagship hotel is anticipated to open in the Thai capital this spring. Furthermore, locations in Las Vegas, Lisbon, Singapore, and Ibiza, Spain, are also on the drawing board, says Amber Asher, the company’s CEO.
“We’d love to be in all the places people want to go—and open their eyes up to places they’ve never thought of visiting, like Hua Hin,” Asher states.
More trends in boutique hospitality reflect a dynamic shift in travel and tourism preferences worldwide.
