Boosted by Leisure Travel, Kessler Sees Expansion Opportunities in the Southeast US
Luxury Hotel Firm Invests in Project in New Bern, North Carolina
LOS ANGELES — Travel demand patterns from the past two years bode well for The Kessler Collection going forward, said Mark Kessler, president and chief operating officer of design and development for the company.
Speaking to Hotel News Now during the Americas Lodging Investment Summit, Kessler said the company that bears his family name rebounded quickly from the depths of the pandemic.
“What we’ve been seeing is really during the last couple of years — the pandemic and prior to that — that these leisure, drive-to destinations, which we’ve always focused on, have become more and more popular, and it bodes really well for us,” he said. “Most of our properties were only closed for maybe four weeks.”
He said their investment strategy going forward will remain similar to what has been successful for them so far: unique, high-end boutique hotels that reflect something special about the markets they sit in, which are high-growth markets in the Southeast U.S. The company’s portfolio currently sits at 12 properties.
Read full article by Sean McCracken (Hotel News Now).