Recently merged Destination Hotels and Commune Hotels & Resorts unveiled their new overarching company: Two Roads Hospitality. The newly created international lifestyle company consists of a collection of individual hotels, resorts and vacation residences comprised of Joie de Vivre Hotels, Thompson Hotels, Destination Hotels, tommie and Alila Hotels & Resorts. Two Roads Hospitality has more than 95 properties in eight countries, and approximately $2 billion in total property revenues under management.
The new company name reflects the paths that both Commune and Destination have forged in the independent and lifestyle hospitality sector, as well as the joining together of parallel companies with over 40 years of combined expertise exclusively dedicated to the boutique and lifestyle space, sharing similar philosophies and complementary property locations while staying continuously committed to the pursuit of experiences that are individual and unique. Newly defined as a hospitality company, the moniker refers to not only the collection of hotels and resorts managed by the merged company, but also its restaurants and bars, vacation residences, golf courses and indigenous spa and wellness offerings.
Jamie Sabatier and Niki Leondakis will lead the newly established company as CEO of Two Roads Hospitality and CEO of hotels & resorts, respectively. Together, the leaders have more than 40 years of experience and proven expertise in building boutique and independent hotels. Both will focus on the financial, operational and cultural success that will propel the new company's future performance. Sabatier will oversee the company’s operating and financial performance, global development and growth strategy, human resources and technology. In her new role, Leondakis will be responsible for hotel property financial performance, including operations, sales & marketing, guest experience, food-and-beverage programming, and interior design strategy, with a focus on elevating the overall portfolio’s lifestyle experiences.
Along with Sabatier and Leondakis, the core executive team of Two Roads Hospitality will be comprised of: Tom Luersen, COO; Todd Wynne-Parry, EVP, global acquisitions & development; Andre Fournier, EVP, sales & marketing; Mark Hays, CFO; and Andrew Arthurs, CIO. John Pritzker and Robert Lowe Jr. serve as co-chairmen of the combined company.
“We are excited to begin this new chapter as Two Roads Hospitality, and are enthusiastic about paving a new path as one combined company. We have already witnessed the numerous benefits of our merger from an operational and financial standpoint, and we only anticipate continued success ahead,” Sabatier said. “Together, we have expanded and strengthened opportunities for our owners, driving profitability while still providing new and distinctive offerings to travelers across our collection of independent hotels, resorts and restaurants.”
Two Roads Hospitality will pursue domestic and international growth in order to expand its portfolio. In the last four months, the company opened Alila Anji in China; Thompson Seattle; The Beekman, a Thompson Hotel in Lower Manhattan; and Cliff House Maine, A Destination Hotel in Cape Neddick, Maine. In the next 12 months, it will debut multiple projects, including Thompson Nashville; Joie de Vivre properties The Troubadour in New Orleans, Hotel 50 Bowery in New York City and a project in Baltimore; and Alila hotels and resorts in India, Cambodia, China, Sri Lanka, Malaysia and Indonesia. In addition, the company has new hotels and resorts under development in Hollywood, Calif., West Los Angeles, Austin, San Antonio, Chicago, New Orleans and Kansas City.
Co-owned by Lowe Enterprises and Geolo Capital, Two Roads Hospitality is headquartered in Denver with offices in San Francisco, New York, Singapore and Shanghai.