The Olympia Companies has set an ambitious growth plan in motion for this year, with a full roster of openings and new developments ahead.
Known for its upscale luxury properties, such as the Inn by the Sea in Maine and The Alfond Inn at Rollins in Winter Park, FL, as well as a number of branded select-service hotels, The Olympia Companies is continuing to pursue diverse opportunities nationwide, led by President/CEO Kevin Mahaney.
SOPHY, a new 98-room hotel, is under construction and scheduled to open in summer 2018. The hotel is located at 53rd St. and Dorchester Ave. in Hyde Park near the future Barack Obama Presidential Library, the University of Chicago and the Museum of Science and Industry.
Anthony Beach will be assuming the role of general manager at SOPHY when it opens this upcoming summer. He has resided in Hyde Park for the last ten years and has been the general manager of the Hyatt Place Hotel in Hyde Park for the last five years.
"Hyde Park is a Chicago treasure, in the midst of an exciting renaissance, and a place that’s near and dear to me professionally and personally,” says Beach. “SOPHY is already an integral part of this vibrant neighborhood, the cultural and economic center of South Chicago. I’m looking forward to working with the Hyde Park community to create this groundbreaking hotel and to add to the fabric of Chicago’s legendary neighborhood.”
"Leaf-peeping and a thriving farm-to-table food scene (the country’s first CSA sprouted here) lure out-of-towners to the bucolic far western corner of Massachusetts. But the arts have long been their own major draw: Tanglewood, the Clark Art Institute, and the Williamstown Theatre Festival all call the area home, as does MASS MoCA, a popular modern art destination housed in a circa-1800s textile mill in North Adams."
The Olympia Companies, based in Portland, Maine, specializes in hotel development and management. Sara Masterson, vice president of hotel management, runs a portfolio made up of the non-flagged hotels owned or managed by Olympia. Most are campus-adjacent properties. “College-affiliated ownership has a different set of challenges,” she says. “Their goals differ from a regular hotel, and they often have diverse purposes beyond profits.” In addition to being the front door to the school for students, parents, alumni, visiting professors and other university-related business, most colleges want an affiliated hotel to reflect their values. To that end, according to Masterson, “The hotels become mirror images of the missions of the schools they serve.”
The Alfond Inn at Rollins has been recognized as the best hotel in Florida for the third consecutive year in the 30th annual Condé Nast Traveler 2017 Readers’ Choice Awards.
“Once again, we are honored to be singled out by the readers of Condé Nast Traveler,” said Jesse Martinez, General Manager of The Alfond Inn at Rollins. “This award is a recognition of an incredible team. The special attention they extend to each guest at our independent boutique hotel and the art and philanthropic mission behind it is the winning formula that sets us apart."
Inn by the Sea, located in Cape Elizabeth, Maine and just minutes from Portland, Maine has once again been selected by Conde Nast Traveler Readers as being a Top Ten Resort in the 30th Annual Readers Choice Awards for the Top Resorts in New England.
Congratulations to Inn by the Sea!
A special thank you to Great River Property Development for sharing this sneak peek drone footage of the Hyatt House and Hyatt Place in East Moline, IL. Scheduled to open in Fall of 2018!
Sophy | August 8th, 2017
The Olympia Companies and SMART Hotels are bringing a luxury boutique hotel to the Hyde Park neighborhood of Chicago.
The 98-room Sophy, to be managed by The Olympia Companies, will be located at the corner of 53rd Street and Dorchester Avenue in Chicago's South Side and will feature a bar, restaurant with al fresco dining and fitness center. Sophy is designed as a four-diamond luxury property to be engineered to achieve LEED Silver certification and will be a preferred hotel of the University of Chicago.
The name "Sophy" is rooted in the Greek word "sophia", meaning wisdom and dedication to excellence through the pursuit of knowledge. The name was inspired by the rich legacy of intellectual, artistic, and cultural innovation that is part of the fabric of the University of Chicago and Hyde Park.
The University of Chicago and Oberlin College make the top ten of Forbes Top 25 Colleges of the Midwest for 2017.
The Olympia Companies is proud to manage a hotel on or near each of these top rated Colleges.
University of Chicago: Hyatt Place Chicago South
Oberlin College: The Hotel at Oberlin
For the 10th anniversary, Forbes aligned its ranking of America's Top Colleges 2017 with what they value most: superior return on investment, high impact, leadership and success; and a first-rate student-consumer experience.
We send warm congratulations to Duke University, Williams College, University of Chicago, and Swarthmore College for being named on this year's list as a top college in America.
The Olympia Companies is proud to manage hotels on or near these four top campuses:
Duke University: Hilton Garden Inn Durham
Williams College: The Williams Inn
University of Chicago: Hyatt Place Chicago South
Swarthmore College: The Inn at Swarthmore
"The most prosperous hotels embrace local opportunities. They might, for instance, support a manufacturing district or link to a transit hub. Therefore, the challenge for architects is to design hotels that not only cater to the preferences of those most likely to use them, but also respond to regional nuances. A case in point is the new Hyatt Place Cleveland/Westlake/Crocker Park."
The Alfond Inn, located in Winter Park, FL, steps from Rollins College, is honored to be named one of the Top 15 City Hotels in the U.S., just one-tenth of a point behind the number one spot for the 2017 Travel + Leisure's World's Best Awards. In 2016, The Alfond Inn held the number nine spot.
In addition to making the Top 15 City Hotels in the U.S., The Alfond Inn is humbled to have also been recognized as one of the top 100 hotels in World.
"Nothing like getting plunked down in the middle of one of Central Florida’s most artistic, scenic, historic, walkable settings for a soothing getaway. It’s the kind of class that can’t be dismissed" "But you don’t have to be a scholar to matriculate at the lounge with an art-inspired craft cocktail, or at the courtyard for a brunch of chicken and white-cheddar crepes, or at the inn’s farm-to-table restaurant, Hamilton's Kitchen, for veal osso buco or black garlic risotto."
#5 OBERLIN: The Hotel at Oberlin, Oberlin, OH
"A stone’s throw from Oberlin College, this boutique hotel is among five in the country meeting the United States Green Building Council LEED Platinum standard. Most notably, it uses radiant heating and cooling to keep guests comfortable. Instead of circulating hot or cold air, surfaces within the space are adjusted with infrared energy. To keep things from feeling too slick, the building features salvaged wood furnishings built by area Mennonite and Amish carpenters."
The Inn by the Sea has been recognized as one of the World's Best Beach Hotels by Travel + Leisure Readers.
"Maine is famous for its rocky coast, but guests at Cape Elizabeth's Inn by the Sea enjoy access to the sandy Crescent Beach...In the summer, days are spent walking the mile-long beach, sunbathing, and swimming in the Gulf Stream-warmed waters."
"A hotel’s design should complement the structures that surround it. It also needs to respect the concerns and issues of those who live nearby.
For Hyatt Place Chicago South/University Medical Center, the developers, and Legat Architects met with Hyde Park residents. These community input sessions inspired the hotel façade design and gave locals a sense of ownership. The resulting design features porcelain tiles and zinc shingles that usher in a modern image, but their appearance—the colors and segmentation resemble masonry units—also respects the community’s historic context."
"Out of 53 luxury hotels in the Orlando-Walt Disney World area, 5 earned a Gold Badge by scoring in the top 10 percent of the Best Hotels in the USA".
The Alfond Inn, ranked 4th among Orlando-Walt Disney World area hotels, receiving it's Gold Badge.
Having seen growth in its portfolio since last year's Hotel Business Management Company Annual Report, Olympia Hotel Management has climbed 13 spots to #68 of about 150 listed hotel management companies.
"Olympia's goals aren't defined around increasing exponentially. 'That's not why people choose us,' he (John Schultzel, VP of Hotel Management) said. That being said, however, Olympia aspires to be somewhere around two to four new hotels per year. It would like to have the portfolio at 30 hotels by 2020 and 50 hotels by 2030. As far as meeting its objectives, the rea estate organization is slightly ahead of schedule on the former."
"De-emphasize Disney with a stay at the Alfond Inn (from $299) in nearby Winter Park. Don’t be surprised if you see professors conducting classes in the lobby: The 119-room luxury boutique hotel is owned by Rollins College and serves as a showplace for work from its Cornell Fine Arts Museum, with a new exhibition each April. Join the curator-led Sunday tours of the exhibition, then walk down Winter Park’s main street, Park Avenue, to the newly expanded Morse Museum, which boasts the largest collection of works from Louis Comfort Tiffany in the country."
"U.S. News & World Report ranks the best hotels by taking into account reputation among professional travel experts, guest reviews, and hotel class ratings. 1,987 scored high enough to be recognized as Best Hotels in the USA".
The Inn by the Sea was named the #1 Best Hotel in Maine by U.S. News & World Report.
Feb. 17, 2017
The Olympia Companies is proud to announce Colby College as the newest addition to its growing portfolio of properties in the campus hospitality sector. Olympia will develop and manage Colby’s new 42-room boutique hotel and restaurant in downtown Waterville, Maine. The hotel is owned by Elm City LLC, Colby's development arm, and will be the focal point of Waterville’s downtown revival. Groundbreaking is expected to commence in 2017.
Olympia Hotel management has been recognized with four 2016 Brand Awards from Hilton Garden Inn (HGI), which recognizes the exceptional performance of both hotels and team members from a field of more than 700 HGI hotels worldwide
Three awards went to The Hilton Garden Inn Durham-University Medical Center in North Carolina:
The Hilton Garden Inn Portland Downtown Waterfront in Maine was awarded:
The awards were presented at the brand's bi-annual conference held in Chicago.
"Some of the details were conceived by Smart Hotels and by the Olympia Companies, which Oberlin hired to advise on technical services and to manage the hotel. But they help tell the Oberlin story, which he said was a major reason for building the hotel.
“One of the objectives we had going into this was communicating Oberlin’s core values,” said Dr. Frandsen, who put the cost of the mixed-use project that includes the hotel as well as new retail and office space at $35 million. “So if we didn’t pick out the soap dishes and the picture frames, we did make a conscious decision to work with people who understood that sustainability is something we value here at Oberlin, and a big part of our story.”
Oct. 26, 2016
The Olympia Companies and SMART Hotels LLC are delighted to announce that Hyatt Place Chicago-South/University Medical Center in Chicago’s iconic Hyde Park neighborhood has been awarded LEED Gold Certification by the US Green Building Council (USGBC) in the New Construction category. The hotel is the first Hyatt Place in the world to be LEED Gold certified. The property was designed by Legat Architects, one of the leading green design firms in the Midwest, and built by William A. Randolph Construction Company.
The Olympia Companies, an innovative privately-owned real estate company specializing in hotel investment, development and management, partnered with SMART Hotels LLC to develop the 131-room Hyatt Place Chicago- South/ University Medical Center. “This certification from USGBC is a reflection of our ongoing commitment to the Hyde Park community and the city of Chicago,” said Mike Zimmerman, Vice President of Development at The Olympia Companies, which also manages the property. “Providing a sustainable, environmentally sensitive hotel facility is good for our guests, our employees and our neighbors. We are thrilled to be able to share this news with them all.”
SMART Hotels develops hotels and mixed-use projects at prominent university and medical center campuses. SMART is committed to environmental sustainability and is a USGBC member. Its projects include the LEED Platinum-designed Peter B. Lewis Gateway Center at Oberlin College scheduled to open early in 2016.
Oct. 18, 2016 | Conde Nast Reader's Choice
Condé Nast Traveler readers have once again selected Maine’s Inn by the Sea one of the Best Resorts in the Northeast in the 29th Annual Reader’s Choice Awards. Over 300,000 readers cast votes for ‘the best of the best in travel’, and 2016 results will be announced in November issues of the luxury travel magazine.
“The award serves as an inspiration to our dedicated staff to deliver on the promise of genuine service, combined with the highest quality accommodations and dining,” stated Michael Briggs, the Inn’s General Manager. “The natural beauty of our beach location sets us apart in the region, and we continually work to deliver an outstanding luxury experience to visitors to Maine.”
Oct. 18, 2016 | Conde Nast Reader's Choice
Condé Nast Traveler today announced the results of its 29th annual Readers’ Choice Awards, in which The Alfond Inn at Rollins is recognized as the best hotel in Florida for the second consecutive year. The Alfond Inn is the 112-room independently-owned boutique hotel located just outside of Orlando in the historic town of Winter Park. The hotel is set apart by its curated art installations – it is the only hotel in the U.S. that serves as the extension of a fine arts museum – and a groundbreaking philanthropic mission that provides college scholarships.
“Given the competition and caliber of hotels throughout Florida, we are incredibly proud and humbled to be recognized once again by the discriminating readers of Condé Nast Traveler,” said Jesse Martinez, General Manager of The Alfond Inn at Rollins. “It is an honor for a boutique hotel like ours and I salute our entire team for their work in creating an unforgettable and enriching guest experience.”
Jul. 12, 2016
Maine’s premier beach destination, Inn by the Sea, appointed Andrew Chadwick Executive Chef of Sea Glass, the hotel’s ocean-view restaurant, announced the Inn’s General Manager, Michael Briggs. Chef Chadwick will develop and execute menus for Sea Glass Restaurant, and oversee all aspects of the resort’s dining options including lounge, room and pool service, weddings, social events and corporate meetings.
Chef Chadwick joins Inn by the Sea after a distinguished culinary career as Executive Sous Chef at the renowned Chatham Bars Inn on Cape Cod where he managed all 6 of the resort’s restaurants and developed a reputation for showcasing a modern approach to food and presentation while respecting classical cooking techniques.
Jul. 10, 2016 | Travel + Leisure
Travel + Leisure has named Inn by the Sea as #83 for the Top 100 Hotels Worldwide and #9 for Top 10 Resorts in the Northeast.
Inn by the Sea was the only hotel in Maine to be selected for the list, and one of four New England hotels. The World’s Best Award is a testament to how well a property serves their customers as they explore the world, “from luxe adventure lodges to intimate inns to grand city hotels, these are the planet's best places to stay,” according to Travel & Leisure Magazine.
Jul. 10, 2016 | Travel + Lesiure
The Alfond Inn at Rollins was named one of the top 15 Best City Hotels in the Continental U.S. in Travel + Leisure's 2016 World's Best Awards.
The awards are the result of the Travel + Leisure annual reader’s poll. The prestigious endorsement from the magazine’s well-traveled, discriminating readers establishes The Alfond Inn’s ranking among the top echelon of hotels in the United States and confirms what has set the hotel apart since opening three years ago this month – the growing preference among travelers for small, stylish boutique hotel experiences, the antithesis of cookie-cutter lodging experiences. In the case of The Alfond Inn, the distinction comes from being one of the most committed art hotels in the U.S., a strong emphasis on service and a mission that’s firmly rooted in philanthropy. All of this from a boutique hotel owned by Rollins College, located in the charming and historic town of Winter Park, Florida.
Feb. 17, 2016
Hilton Garden Inn, Hilton Worldwide’s (NYSE: HLT) upscale global brand of hotels, recently recognized the Hilton Garden Inn Durham University Medical Center with The Connie Award – Hotel of the Year, You Can Count on Us Community Relations Award and Highest HHonors Loyalty Award for their outstanding achievements during the past year. In addition, the Hotel’s General Manager, Abigail Flynn, was bestowed the Barbara Bejan General Manager of the Year Award. The property, which is owned by The Olympia Companies and SMART Hotels and managed by The Olympia Companies of Portland, Maine received this honor as a best in class performer among the brand’s 665 hotels worldwide.
“On behalf of the staff, we are honored to receive the prestigious Connie Award, an honorable brand distinction”, said Abigail Flynn, General Manager. “Our team members are committed to providing a welcoming experience with our brand’s signature service, style and Satisfaction Promise™. It is important that our guests have the most positive and memorable experiences possible when they stay with us.”
Hilton Garden Inn Durham-University Medical Center earned the distinction as the number one ranked Hilton Garden Inn in the brand for North America as a result of their consistent dedication to quality service and attention to detail.
Nov. 10, 2015
Hyatt Place Cleveland/Westlake/Crocker Park, the second Hyatt Place hotel to enter the Cleveland metropolitan area, officially opens today in Westlake, Ohio. The hotel brings the Hyatt Place brand’s intuitive design, casual atmosphere, and practical amenities, such as free Wi-Fi and 24-hour food offerings, to this bustling midwestern city.
“We are thrilled to deliver this exciting, J.D. Power award-winning brand to the region’s premier lifestyle district, Crocker Park. The quality and service that the Hyatt Place brand exemplifies will be a perfect complement to Crocker Park and a welcome addition to the community,” said General Manager Todd Lentz.
Hyatt Place Cleveland/Westlake/Crocker Park is the only hotel integrated within Crocker Park, the region’s premier lifestyle development. The development boasts more than 30 restaurants and dining options, and well over 80 upscale shopping experiences. The hotel is also conveniently located off of Interstate 90, just minutes from downtown Cleveland and numerous sporting attractions, including First Energy Stadium, Progressive Field and Quicken Loans Arena. Guests can also enjoy easy access to Playhouse Square, the Rock & Roll Hall of Fame, the Horseshoe Casino, and Cleveland Hopkins International Airport.
Nov. 9, 2015 | Conde Nast Traveler
It was a monumental week for The Alfond Inn, the stylish boutique hotel in Winter Park that was developed and is managed by The Olympia Companies, an innovative privately-owned real estate company specializing in hotel investment, development and management. Condé Nast Traveler named the property the #7 hotel in the United States, the #1 hotel in Florida and #63 in the world in the 28th annual Readers’ Choice Awards.
“We are delighted by this vote of confidence from the well-traveled readers of Condé Nast Traveler,” says Kevin Mahaney, President, and CEO of The Olympia Companies. “It is a tribute to the entire team at the hotel, our partners at Rollins College and the Winter Park community.”
Two days later, Executive Chef Marc Kusche of Hamilton’s Kitchen at The Alfond Inn made his debut at the prestigious James Beard House in New York City, where he prepared a multi-course menu for a sold-out crowd.
This is a tipping point for The Alfond Inn, which opened just two years ago and has quickly soared to the top of the Conde Nast Traveler’s readers’ favorite properties. Credit for the hotel’s success is due to its outstanding service and hospitality, but also to its unique philanthropic business model, emphasis on the arts and its inviting Winter Park location.
Nov. 5, 2015
The Olympia Companies will manage The Inn at Swarthmore, a state-of-the-art hotel that is currently being built by Swarthmore College in Pennsylvania, just 11 miles outside of Philadelphia.
"We are delighted to have Olympia on board as our partner to manage the Inn at Swarthmore," says Vice President for Finance and Administration Greg Brown. "They truly understand us as an institution and how the inn and conference facilities fit into our strategic vision. Based on their work at other campus-based hotel properties, we are confident that they will create a welcoming environment for hotel guests and community members."
The Inn at Swarthmore will offer 40 guestrooms and suites, a signature restaurant, private dining and flexible meeting space to accommodate groups and social events. The Inn at Swarthmore is located on the College’s idyllic, 425-acre arboretum campus, which features rolling lawns, a creek, wooded hills, and hiking trails, a short train ride from center city Philadelphia.
“We’re honored to be chosen as the manager of this exceptional new property,” said Kevin Mahaney, president, and CEO of The Olympia Companies. “It aligns with our approach to the campus hospitality market, which is to work with a college or university to create a seamless connection from campus-to-lodging for visitors.”
Apr. 21, 2015
The Olympia Companies will manage a state-of-the-art hotel that is currently being built in Oberlin, Ohio by Oberlin College. The property will anchor The Peter B. Lewis Gateway Center, the cornerstone of Oberlin’s Green Arts District, an ongoing development encompassing the northeast corner of North Main Street and East College Street. It is a planned 100,000-square-foot, mixed-use development that will incorporate renewable energy systems and other innovative technologies designed to meet the U.S. Green Building Council’s LEED Platinum rating.
“We’re honored to be chosen as the manager of this remarkable new property,” said Kevin Mahaney, president and CEO of The Olympia Companies. “It aligns with our approach to the campus hospitality market, which is to work with a college or university to extend their brand into the community, creating a seamless connection from campus-to-lodging for visitors.”
The property will be named in honor of Peter B. Lewis, the late philanthropist, and chairman of Progressive Insurance Company, who has been recognized by Oberlin College for his $5 million gift toward the project, part of Oberlin’s $250 million comprehensive campaign.
“We're excited that The Olympia Companies are coming on board,” said Oberlin College President Marvin Krislov. “The Gateway and the Green Arts District are important steps toward Oberlin's goal of making this institution and city a model of sustainable economic development based on education and the arts."
Feb. 3, 2015
The Olympia Companies announce that the Hilton Garden Inn Durham-University Medical Center in North Carolina has been recognized by Hilton Worldwide with two prestigious awards. The hotel, which opened last year, was presented with the brand's Ramp-Up Award as the best Hilton Garden Inn to open in 2014. The hotel was also named as a Pride Merit winner, after being selected from a field of 600 Hilton hotels worldwide for achieving a top 3 rank for product quality, guest service, loyalty, and cleanliness.
"Being recognized by the Hilton Garden Inn brand with two prestigious awards is a great honor for a new hotel," said Abigail Flynn, General Manger. "We set this goal during the pre-opening phase of the project and it's gratifying to see an outstanding team of people completes their mission."
The hotel is a collaborative development between The Olympia Companies and SMART Hotels Group and is managed by Olympia Hotel Management. Olympia is an innovative, privately-owned real estate company specializing in hotel investment, development and management. SMART Hotels Group develops and operates campus hotels with signature style. This is their second development partnership with The Olympia Companies. Their first collaboration was developing the Hyatt Place Chicago-South/University Medical Center.
Jan. 14, 2015
The Olympia Companies, an innovative privately-owned real estate company specializing in hotel investment, development and management, will develop and manage the new Hyatt Place Crocker Park in the Cleveland, Ohio suburb of Westlake.
Cleveland-based Stark Enterprises is the master developer and has announced its selection of The Olympia Companies to create a signature hotel that will complement the award-winning Crocker Park lifestyle development. Crocker Park features townhomes, apartments, retail, restaurants, leisure, and commercial office buildings. Hyatt Place Crocker Park is being developed in conjunction with the relocation of the international headquarters of American Greetings Creative Studios to the Crocker Park development.
"We chose The Olympia Companies because they are a standout leader in the hotel industry," said President and Chief Executive Office Robert Stark, of Stark Enterprises. "Their hotels are not just aesthetically superior but are also community assets that are famous for providing an exceptionally high level of guest experience and service. Our shared values make Olympia an ideal partner, and we have every confidence that Hyatt Place will be a successful addition to Crocker Park's already outstanding community."
Two weeks ago I had the honor of receiving the award for best Hospitality / Residential Project from ENR Midwest on behalf of the Hyatt Place Chicago South University / Medical Center. It was a rare treat to get together with the project architect, April Maifield from Legat Architects, and our general contractor, Eric Handley from W A Randolph Construction. These two firms were instrumental to the success of this project. Using an integrated project delivery system that engaged the general contractor during the design phase allowed us to brainstorm practical, cost-effective solutions for many of the project challenges. This was particularly important as the hotel was being developed as part of the Harper Court Development, located on top of an underground parking garage that was being built by another developer. As an example, we were able to switch structural systems from poured in place concrete to light gauge metal stud during the schematic phase, saving over $1 million in project costs and 1 month in project schedule.
Oct. 24, 2014
The Alfond Inn, the boutique hotel in Winter Park, was named one of the Best Hotels in Florida with an impressive debut at #2 on the short list of winning Florida hotels. Built on leadership values in hospitality, education, philanthropy and the arts, The Alfond Inn opened just over a year ago and is owned by Rollins College, one of the country's most lauded liberal arts colleges. Managed by The Olympia Companies, The Alfond Inn was funded in part by a $12.5-million grant from the Harold Alfond Foundation. All of the net operating income from The Alfond Inn is directed to The Alfond Scholars program fund, the Rollins College premier scholarship fund, for the next 25 years or until the endowment principal reaches $50 million, whichever comes later. This fall, the first group of Alfond Scholars fund recipients was welcomed.
The Alfond Inn has also established itself as a prestigious cultural venue for The Alfond Collection of Contemporary Art for Rollins College, an extension of the Cornell Fine Art Museum’s collection on display in the hotel’s public areas. The hotel earned a prestigious AAA Four Diamond status just eight months after opening and has become the hub for top-level CEO association meetings in the greater Orlando area.
Oct. 24, 2014
Inn by the Sea in Cape Elizabeth, Maine, a luxury beach resort managed by The Olympia Companies and the state's only Virtuoso property, was named one of the Best Resorts in the Northeast in the 2014 Readers’ Choice Awards. Located on sandy Crescent Beach just seven miles south of Portland, Inn by the Sea offers guests an elegant but relaxed coastal Maine experience in 61 luxuriously appointed one and two bedroom suites and Ocean View Beach Suites. Inn by the Sea also has one of the "greenest" resumes in New England and The Olympia Companies are leaders in green hospitality and sustainability, signature elements in their portfolio of hotel projects, and a mandate that is at the heart of their corporate culture. Inn by the Sea is certified by the Maine DEP as Green Lodging and the Spa has Silver LEED® certifications The property has been named one of TripAdvisor's Top 10 Environmentally-Friendly Accommodations and a Top 10 American Green Hotel by MSNBC and Forbes Traveler.
The 2014 Gold Key Award Finalists for Excellence in Hospitality Design have been announced and we are pleased to announce the Hyatt Place Chicago-South/University Medical Center, Chicago is included as Best Eco or Socially Conscious Hotel for 2014. Congratulations to our project team members Natalie Sheedy Interiors, DelaRosa Studio and Legat Architects.
Oct. 8, 2014
The Olympia Companies is a dynamic privately-owned real estate company specialized in identifying, growing and managing new opportunities in the hospitality industry. With experience at showcase properties in some of the most coveted locales, including the coast of Maine, the heart of downtown Chicago, Greater Orlando and beyond, The Olympia Companies brings a winning trifecta of expertise to its projects - hotel investment, development and management.
Over the last four decades, The Olympia Companies has grown from a well-regarded regional player in the Northeast to an award-winning national presence for high profile development, equity and management projects. A hallmark of the company is its leadership and innovation with unique projects that focus on custom-tailored developments, college environments and sustainability.
Olympia Equity Investors has a track record for delivering impressive returns to its investors through carefully curated projects that minimize risk. The Olympia Hotel Management side of the company recruits the crème de la crème of hospitality professionals, guaranteeing guest satisfaction and profitability for owners and equally as important, satisfied guests. With a number of new projects in the past several years, The Olympia Companies is garnering major industry attention, accolades and awards for its groundbreaking hotel properties located across the United States.
The Olympia Companies is led by President & CEO Kevin Mahaney, a leader in capital asset management, business and real estate. An innovative leader and lifelong overachiever, he was an Olympic Silver Medalist in sailing and the founder and skipper of the Americas Cup syndicate "Young America" sailboat. Mahaney has assembled a dynamic, pedigreed executive team steeped in hotel development, LEED building design and construction, project management, branding, as well as sales and marketing. The company currently has 19 hotels projects under management in the United States.
Custom Development Solutions
The Olympia Companies creates innovative solutions for projects in potentially challenging markets. In 2013 they opened three completely different properties that were developed to blend with the local environment and address specific business requirements. These included The Alfond Inn, an upscale boutique hotel in Winter Park, Florida that is owned by Rollins College, a renowned liberal arts college. The Olympia Companies also developed Hyatt Place Chicago- South/University Medical Center on the city's south side as part of a large-scale urban renewal project that needed to meet strict Minority Business Enterprise and Women's Business Enterprise targets. The year also saw the opening of a Hilton Garden Inn in Durham, North Carolina that served to initiate additional 9th Street corridor development near the Duke University Medical Center.
A singular feature of The Olympia Companies is its studious approach to both developing and managing hotels in college towns. The company has worked directly with Rollins College, Oberlin College, Swarthmore College and The University of Chicago. They've also completed considerable work in college towns. These locations include properties in Durham, North Carolina (Duke University); Brunswick, Maine (Bowdoin College); Durham, New Hampshire (University of New Hampshire); and Charlottesville, Virginia (University of Virginia). These hotels serve both the college and the surrounding community, with each project catering to various stakeholders.
A "town & gown" situation requires a subtle and nuanced approach, which is what The Olympia Companies did when they recently partnered with Smart Hotels, LLC to develop the 131-room Hyatt Place Chicago- South/ University Medical Center in Hyde Park, on the south side of Chicago. Closely affiliated with the University of Chicago, the hotel opened in September 2013 as part of the Harper Court Development, a multi-use LEED Gold development which includes retail, commercial, and residential elements. It is the first new hotel in the Hyde Park neighborhood in more than half a century, and brought much-needed employment to the area. More than 80% of the hires were local residents who were trained by The Olympia Companies.
The Olympia Companies have established themselves as leaders in green hospitality and sustainability, signature elements in the portfolio of hotel projects, and a mandate that is at the heart of their corporate culture. The shining example of their green building is the groundbreaking Inn by the Sea in Cape Elizabeth, Maine, a luxury beach resort and the state's only Virtuoso property. The hotel has dramatic Atlantic views and the white sand waterfront of Crescent Beach. Yet it also has one of the "greenest" resumes in New England, with Maine DEP Green Lodging and a Spa with Silver LEED® certifications. Inn by the Sea has been lauded as one of TripAdvisor's Top 10 Environmentally-Friendly Accommodations and a Top 10 American Green Hotel by MSNBC.
Innovation, tailor-made solutions and creativity as equity partners, hotel developers and hotel management make The Olympia Companies one of the most respected and sought after partners for new projects across the country.
Congratulations to our media partner, Conran PR, and The Alfond Inn for their 2014 Gold Adrian Award in the New Hotel Opening Category. Out of 1,200 entries submitted this year, our work was judged by The Hospitality Sales & Marketing Association (HSMAI) Board of Directors and the Adrian Awards Advisory Committee to be exceptional. Judges were asked to evaluate each entry based on its own merit and success in achieving its objectives.
Coverage was secured in The New York Times, Travel + Leisure, Celebrated Living, Huffington Post, The Boston Globe, Food Arts, Atlanta Magazine, Spirit Magazine, Global Traveler, Fodors.com, Forbes.com and Hotel Chatter. Regional coverage included The Orlando Sentinel, Orlando Business Journal, Orlando Magazine, The Miami Herald, The Palm Beach Post, Fox TV, Orlando NBC Channel 2, WUCF PBS and Winter Park Magazine. Trade included Travel Weekly, Elite Meetings, Smart Meetings and Successful Meetings. The coverage reached millions of readers and viewers, while the ad equivalency of our placements was near $1 million. The hotel was awarded AAA Four Diamond status eight months after opening and quickly became very profitable; earning more than twice what was expected. The projected net operating income for the first year will generate more than three million dollars for The Alfond Scholars program.
We create an environment where we enjoy our work and each other.
CONCERN FOR OTHERS
We show compassion, empathy, and respect for people.
We act in the best interest of others, building a culture of integrity.
We accept responsibility for our own actions and for the actions of our team.
We constantly seek out ways to improve ourselves and the services we deliver.
Our values are at the center of everything we do. We use them as guides to make decisions & chart our course on a daily basis.