Zoëtry Is Opening a New All-Inclusive in Saint Lucia

One of Saint Lucia’s leading resorts is joining the Zoëtry brand.

The Marigot Bay Resort will soon relaunch as an all-inclusive under the AMR Collection’s wellness-focused Zoëtry brand.

The rebranded Zoëtry Marigot Bay St Lucia will be the first AMR Collection property on the island.

It will feature 124 rooms and suites, with a spa, four eateries, four bars and a pair of infinity pools.

The property, set on what has long been considered the most beautiful bay in Saint Lucia, is also home to the island’s leading marina.

The resort opening date has not yet been announced.

Zoëtry also announced the addition of a new resort in Mexico, the Zoëtry Casa Del Mar Los Cabos, a similar conversion that is slated to open in November.

“Demand for boutique resorts is at a high, as travelers crave more intimate experiences in a setting that prioritizes luxury, personalization and safety. Understanding how to optimize this segment for profitability can be a challenge, especially in a volatile market,” said Javier Coll, Group President of Global Business Development at AMResorts. For more than 13 years, AMResorts has provided successful brand-management services through the Zoëtry brand for resorts that are truly unique, while offering guests a consistent, reliable stay from property to property.”

marigot bay zoetry

Zoëtry’s other Caribbean resorts include properties in Jamaica, Punta Cana and the Riviera Maya.

For more, visit Zoëtry.

— Posted by CaribJournal

JMA is excited to partner with Auberge Resorts Collection

The Hearst Hotel in San Francisco to Open in 2023
Auberge Resorts Collection announced yesterday it will manage The Hearst Hotel, Auberge Resorts Collection, a piece of history in the heart of San Francisco. The Hearst-owned building, a 1911 landmark which is being redeveloped by JMA Ventures, will be reborn as The Hearst Hotel, Auberge Resorts Collection.

The Hearst Hotel is ideally situated at the intersection of Market Street and Third Street, where its newfound vibrancy and contemporary hospitality will create a dynamic social hub that captivates travelers and locals. Its unique blend of tradition and innovation will reflect the dramatic narrative and changing fortunes of San Francisco. The neighborhood in which it is situated has long been known for its architectural grandeur and historic significance alongside a modern mix of shopping, business and award-winning dining experiences.

Built in 1911 and home to the San Francisco Examiner until the 1960s, The Hearst Building features Spanish Revival style construction, Tennessee Pink marble on the lower floors and a terra cotta façade reaching to the roof parapet. In 1938, famed architect Julia Morgan was retained by Hearst to complete a remodel of the entryway, the façade—which showcases 20 cast bronze medallions of fanciful animals and a distinctive crest above the front entry—and other notable architectural details. Morgan, who was born in the Bay Area and was Hearst’s principal architect on the design of Hearst Castle, was a pioneer in her field, having been the first woman to receive the American Institute of Architects’ highest award, the AIA Gold Medal and her work continues to inspire today.

Following an extensive interior renovation and redesign, the 13-story landmarked building will open as The Hearst Hotel, Auberge Resorts Collection, a 150-room hotel, complete with an Auberge Spa, grand lobby, social spaces, destination restaurant and rooftop bar with a unique perspective of the city. Among the guest accommodations will be 14 suites.

The hotel will be conceptualized and designed by Roman and Williams—the acclaimed design team behind Nantucket’s Greydon House, Chicago Athletic Association, The RW Guild, La Mercerie and Le Coucou in New York—and will reflect relaxed, eclectic West Coast living and harken back to Hearst’s interest in European design. Strong classical lines, textured palazzo floors, eclectic furniture and architectural elements inspired by Hearst’s antique collection will be at the heart of The Hearst Hotel’s style. Roman and Williams will honor the iconic architecture of the building while bringing this extraordinary hotel to life for the next generation of world travelers.

“Auberge has mastered the art of creating new life in historic buildings, preserving their unique character while elevating them with the contemporary comforts and experiences that are relevant to today’s discerning travelers,” said Dan Friedkin, chairman, Auberge Resorts Collection. “As we continue to expand our portfolio, we are very excited to partner with JMA Ventures to bring the one-of-a-kind experience of The Hearst Hotel to the dynamic city of San Francisco.”

“Our hotels feel like a beautifully designed home inspired by the place,” added Craig Reid, president and chief executive officer, Auberge Resorts Collection. “The Hearst Hotel will be a home away from home that immerses guests in the traditions and rich culture of San Francisco. It will raise the bar on luxury in the city and create a new gathering place for the city’s locals.”

“JMA Ventures is excited to partner with Auberge Resorts Collection, whose award-winning reputation sets the standard for luxury hospitality,” said Todd Chapman, CEO, JMA Ventures. “Auberge Resorts Collection’s forward-thinking vision complements the building’s heritage to make a beautiful conceptual frame for a modern hotel.”

The Hearst Hotel, Auberge Resorts Collection will open in 2023.


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JMA Ventures to build $75M apartment community in downtown Phoenix

Several multifamily projects in the pipeline around the Valley’s urban core.

The last time the developer bought land downtown 20 years ago, he was ahead of his time. Now, he told the Business Journal, the timing is right for his multifamily project — that includes some opportunity zone funding.

San Francisco-based JMA Ventures LLC is on track to break ground next week for a $75 million apartment community in the warehouse district in downtown Phoenix.

The last time the developer bought land in downtown Phoenix — about four blocks away from its current location at Fourth and Buchanan streets — it was 20 years ago.

“We were thinking downtown was going to go through a growth spurt that it’s going through right now,” said Todd Chapman, president and CEO of JMA Ventures. “We were just a little bit early.”

He remembers the late ’90s during the tech explosion when old warehouse buildings in San Francisco began attracting a community of engineers, software programmers and architects. He figured downtown Phoenix was ripe for a similar explosion.

“Long term, we were right — it’s happening now,” he said. “We were a little bit early.”

Scrapping plans to build office space, Chapman ended up selling the land several years ago.

Now that there’s more development in downtown Phoenix — with Cityscape, Block 23 and Arizona State University — the reurbanization has lured him back to downtown Phoenix.

“It used to be people wanted to go to Camelback or Scottsdale, and now people want a more urban experience that downtown has to offer,” Chapman said.

He plans to build a 5-story apartment community within the warehouse district of downtown Phoenix.

“There’s a great vibrant community in this warehouse district,” he said.

Newmark Knight Frank (Nasdaq: NMRK) arranged $51.9 million in construction financing for the 278-unit apartment community, with the rest coming from JMA Ventures and “opportunity zone” funding.

Called the Battery, the project sits on 3 acres near Chase Field and Talking Stick Resort Arena and is expected to be completed by the second quarter of 2021.

Chapman said it’s a bit too early to disclose rental rates for the apartment community, but said he wants to keep the prices affordable.

“Our units are priced to be more for first-time renters in the Phoenix market,” he said. ‘They are a little bit more affordable than the other stuff you’ll see. We’re targeting renters in that innovation district — people in tech, digital arts or media.”

Even though he wants to keep prices down, he said the project will feature luxury amenities, including floor-to-ceiling glass windows, polished concrete floors and smart home technology packages. It also will feature rooftop amenities deck that will include pool, spa, barbeque areas and fitness center.

Daniel Gauthier, an attorney focusing on opportunity zones with Rose Law Group PLC, said he’s glad to see more of those projects starting to come to fruition.

“It does seem we’re seeing this blast of about a dozen projects in the area that are popping up,” he said. “It’s exciting.”

Investors are still cautious when it comes to investing in these opportunity zone projects, he said.

“Generally, people are still cautious,” he said. “Cautious but optimistic is the way I would phrase it.”

On Aug. 6, Caliber-The Wealth Development Co. paid $12 million for a 96-bed senior living facility near 13th Street and McDowell Road in Phoenix, according to Vizzda LLC real estate database.

Plans call for investing $9.5 million in opportunity zone funds to renovate that 62,596-square-foot facility built in 1982 to develop a health clinic for South Bend, Indiana-based NeuroPsychiatric Hospitals, said Chris Loeffler, CEO and co-founder of Caliber.

“Caliber is one of the bigger names here,” Gauthier said. “They were out and running earlier in the game. They were definitely one of the early movers.”