larry spelts
How to Price Buy-Outs of Smaller Hotels in Leisure Markets
Larry Spelts | May 24, 2024
By Larry Spelts Small properties (one hundred rooms or less), especially upper-upscale and luxury boutique hotels in destination markets that are principally leisure with higher ADRs, are often attractive buy-out destinations for certain kinds of groups. This can range from weddings and reunions to corporate and association retreats or incentive travel. The Challenge of Hotel Buyouts for Weekends: Case Study It is essential to good revenue management that opportunity costs be factored into weekend buyouts because hotels that are in principally leisure segment-dominated locations tend to sell out on many weekends perennially, and beca...
The Indigo Road Hospitality Group Announces Changes to Lodging Leadership
The Indigo Road Hospitality Group | December 22, 2023
CHARLESTON, SC — December 22, 2023 — The Indigo Road Hospitality Group and Larry Spelts, president of the company’s Lodging & Lifestyle Adventures division, will mutually part ways after successfully expanding the hospitality company into the hotel industry officially nearly four years ago at the America's Lodging Investment Summit (ALIS) in Los Angeles in 2020. "In 2019, upon ten years of success with restaurants and our next adventure of lodging on the horizon, Larry was the first person that I thought of collaborating with," said Steve Palmer, founder and chief visionary officer of The Indigo Road. "A former colleague and fr...
Expotel Hospitality Names New President
Expotel Hospitality | June 12, 2017
Expotel Hospitality has appointed Larry Spelts as the new president and chief development officer of Expotel Hospitality located in New Orleans, Louisiana. With a career spanning 30 years in all facets of the hospitality industry, Spelts brings uniquely diverse experience. Prior to joining Expotel Hospitality, Spelts served as vice president of business development for Charlestowne Hotels. In this role, Spelts developed strategic relationships for Charlestowne Hotels with diverse hotel ownership and development groups and led the acquisition of management contracts that added 34 properties and development projects over 7½ years. ...
