New lifestyle brand KARAS launches, replaces Unique Hotels

Newport Beach-based hotel brand, KARAS Lifestyle Hotels, was launched during the Boutique Lifestyle & Lodging Association (BLLA) Leadership Symposium in Santa Monica, Calif.
The new brand replaces Unique Hotels & Resorts, and was formed in partnership with hospitality industry executives Eric Prevette and Carlos Lopes – formerly the managing directors of Unique Hotels – and Murray Holland, previously managing director of MHT Midspan, an investment-banking firm based in Dallas, Texas.
Prevette, Lopes and Holland are now the managing directors of KARAS Lifestyle Hotels, which will focus on managing and developing lifestyle hotels in key U.S. urban markets.
According to Lopes, KARAS Hotels was originally established as Unique Hotels & Resorts, which has a long history of developing and managing high-end lifestyle hotels throughout the world, among them Hotel Bel-Air in Los Angeles, Grand- Hôtel du Cap Ferrat along the French Riviera, La Posada de Santa Fe in New Mexico and Cap Juluca, an iconic hideaway on Anguilla in the Caribbean.
“Our team pioneered the creation and management of boutique lifestyle hotels over 20 years ago – the KARAS brand is a natural evolution of our company,” Prevette said. “Lifestyle brands are dominating the industry and reflect the highest future growth potential of any hotel market segment. We have the experience, resources and proven track record to quickly establish the KARAS brand as a market leader in this segment.”
The KARAS team seeks to build its portfolio to include key U.S. urban markets and will focus on both the commercial and leisure markets. According to Lopes, a typical KARAS Hotel will have between 150 and 300 guestrooms.
In addition to the latest innovations in technology, Prevette noted that the KARAS management team will emphasize highly personalized guest services and amenities. “Our staff will be carefully trained and motivated to address all guest needs,” said Prevette.
Holland, who will concentrate on developing financial partnerships for the new company, said “I am thrilled to partner with KARAS to help build the brand and strengthen its presence nationally.”

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.