Dream Hotel Group is a hotel brand and management company with a rich, 30-year history of managing and developing properties in some of the world’s most highly competitive hotel environments. Here, RLI speaks with CEO Jay Stein about the company’s upcoming hotel pipeline and what exactly it is that separates them from the crowd.
Home to its Dream Hotels, Time Hotels, The Chatwal and Unscripted Hotels brands, Dream Hotel Group encompasses three business lines: Proprietary Brands, Hotel Management, and Dining & Nightlife. Today, Dream Hotel Group has 18 hotels open and operating across its four proprietary brands in major metropolitan cities and resort markets, such as New York, California, Florida and North Carolina in the US, and Thailand. “We’re seeing more demand than ever for our brands,” says company CEO Jay Stein. “We’ve signed more deals in the past two years than ever before in our history, and now with more than 20 new locations currently in development worldwide, we are on track to triple the group’s existing portfolio by 2022.”
The last 18 months has seen the openings of two new properties in the US, the highly anticipated west coast flagship for the Dream Hotels brand – Dream Hollywood in Los Angeles, California and the first location of the company’s newest lifestyle brand Unscripted Hotels in Durham, North Carolina. The next hotel to open is Dream Nashville, which is set to open next month with 168 rooms with six food and beverage outlets. Other upcoming openings include Dream Dallas and Dream Palm Springs in the US, Dream Belize in Central America, Dream Doha in the Middle East, Unscripted Birmingham Central Hall in the UK, and Unscripted Tulum and The Chatwal San Miguel de Allende in Mexico.
“I’m excited about the first Dream Hotel in Doha, which is due to open in 2020,” says Stein. “It will be an iconic property offering a different hotel from anything available in the region and we strongly believe our brands and operating philosophy will directly cater to this gap in the market.” Several factors are considered when the company determines where to open a new hotel. Firstly, they study the market, what the community already has in place and finally they focus on locations that are lacking in lifestyle hotel brands.