The Standard Hotel is a luxury hotel chain with locations in major cities around the world. With its unique design, trendy atmosphere, and top-notch amenities, it’s no wonder that the hotel has become a go-to destination for travelers seeking a luxurious experience.
If you’re curious about who owns The Standard Hotel, you’re not alone. In this article, we’ll provide a comprehensive guide to the ownership of the hotel chain and everything you need to know about its history and management.
From the founders and early investors to the current owners and their plans for the future, we’ll cover it all. So, let’s get started!
The Founders and Early Investors
The Vision Behind The Standard Hotel: The Standard Hotel was founded in 1998 by Andre Balazs, a hotelier and real estate developer known for his work on the Chateau Marmont and The Mercer in New York. Balazs envisioned a hotel that would be different from the traditional luxury hotel experience, one that would appeal to a younger, hipper crowd. The hotel would have a modern aesthetic and offer a range of amenities, from a rooftop bar to a 24-hour restaurant.
Early Investors and Financial Backers: The Standard Hotel was initially owned by Balazs and a group of investors. One of the early investors was Dune Capital Management, which provided $65 million in financing for the hotel’s expansion in 2007. Other investors included the Abu Dhabi Investment Authority and the German investment bank, Deutsche Bank.
Expanding the Hotel Chain: Since its founding, The Standard Hotel has expanded to include locations in Los Angeles, Miami, and London. In 2013, the hotel chain was sold to the Standard International, a management company led by Balazs. Today, The Standard Hotels are known for their innovative design, lively bars, and popular restaurants.
Comparison with other popular hotel chains:
| Hotel Chain | Year Founded | Number of Locations | Notable Features |
|---|---|---|---|
| The Standard | 1998 | 4 | Rooftop bars, 24-hour restaurants |
| Marriott International | 1927 | 7,600+ | Loyalty program, luxury properties |
| Hilton Worldwide | 1919 | 5,800+ | Hilton Honors program, diverse brands |
| Intercontinental Hotels Group | 2003 | 5,700+ | IHG Rewards Club, luxury and mid-scale properties |
It is worth mentioning that: The Standard Hotel’s focus on design and unique experiences sets it apart from other hotel chains. While Marriott, Hilton, and IHG offer a diverse range of properties and loyalty programs, The Standard emphasizes a more boutique, personalized experience.
Keep in mind: The Standard’s smaller size and focus on design may not appeal to travelers looking for a more traditional luxury experience. However, for those who value creativity and innovation, The Standard offers a fresh and exciting alternative.
Unfortunately: The Standard’s financial future is uncertain in the wake of the COVID-19 pandemic. In 2020, the company laid off a significant portion of its staff and temporarily closed its Miami and London locations. While the hotel chain has reopened its doors, it remains to be seen what the future holds for this innovative and beloved brand.
Current Ownership and Management
The Standard Hotel is a well-known hotel chain that has gained popularity due to its luxurious services and prime locations.
The ownership and management of the Standard Hotel have undergone several changes over the years. In this article, we will provide you with a comprehensive guide to the current ownership and management of the Standard Hotel.
Introduction to Current Owners
The Standard Hotel was initially owned by hotelier Andre Balazs. However, in 2017, the hotel chain was acquired by Sansiri, a Thailand-based real estate developer. Sansiri is known for its high-end residential projects and has been expanding its portfolio by investing in luxury hotels.
The acquisition of the Standard Hotel was a strategic move by Sansiri to diversify its business and expand its presence in the United States.
Acquisition by Standard International
In 2019, Standard International, the parent company of the Standard Hotel, was acquired by the private equity firm, 25hour Hotels Company. This acquisition allowed Standard International to expand its portfolio and increase its global presence.
The acquisition by 25hour Hotels Company has brought about changes in the management of the Standard Hotel.
Current Management Team
The current management team of the Standard Hotel is led by CEO Amar Lalvani. Under his leadership, the hotel chain has continued to provide quality services and expand its reach.
The Standard Hotel is known for its innovative and creative approach to hospitality. It has a team of experienced professionals who are committed to providing guests with an exceptional experience.
The Future of The Standard Hotel
As one of the most iconic hotel chains in the world, The Standard Hotel has been a go-to destination for travelers seeking unique accommodations and trendy amenities. However, what does the future hold for this beloved hotel chain?
Current Expansion Plans
It is worth mentioning that The Standard Hotel has been expanding its presence in recent years. Currently, the hotel chain has locations in major cities such as Los Angeles, New York, and Miami. However, they have plans to expand to other cities as well. According to their website, The Standard Hotels plans to open a new location in London in the near future. This will mark the first international location for the hotel chain.
New Developments and Partnerships
On the other hand, the hotel chain has also been making strides in terms of new developments and partnerships. For example, The Standard Hotels recently partnered with One Night, a platform that allows travelers to book last-minute hotel rooms at a discounted rate. Additionally, The Standard Hotels has been experimenting with new technologies, such as virtual reality, to enhance the guest experience.
Maintaining the Hotel’s Unique Brand
Despite all of these changes, The Standard Hotels remains committed to maintaining its unique brand. The hotel chain is known for its quirky and unconventional decor and amenities, such as its famous rooftop bars and swimming pools. The Standard Hotels has also taken steps to embrace sustainability, such as offering eco-friendly toiletries and implementing energy-efficient practices.
It is clear that The Standard Hotels is dedicated to staying ahead of the curve and continuing to offer an unforgettable experience for its guests. Whether you’re a fan of the hotel chain or simply curious about its future, it’s worth keeping an eye on what The Standard Hotels has in store.
Conclusion
In conclusion, The Standard Hotel has a rich history and an interesting ownership structure. From the vision of its founders to the current management team, the hotel has seen many changes over the years.
Despite these changes, The Standard Hotel remains a leader in the luxury hotel industry, offering guests a unique and unforgettable experience. Whether you’re a fan of the hotel chain or simply interested in its ownership, we hope this guide has provided you with the information you were looking for.
Thank you for reading!
