As a fourth generation hospitality operator, Saunders Hotel Group’s (SHG) daily life is rooted in our people and our communities. It starts and finishes with our culture of excellence.
SHG has become known for its acquisition, turnaround, and long-term, hands-on management. For four generations, the organization has broadened its reach with the development and revitalization of full-service, luxurious, independent hotels, generally considered the most challenging type to operate with notable achievements including:
The 1976-1996 turnaround of the former Statler Hilton, which Hilton Hotels had closed, unable to make it profitable. The property was then re-branded as the Boston Park Plaza, garnering world renown recognition and was subsequently sold in 1996;
The management acquisition of the Copley Square Hotel starting in 1947, and the repositioning of “the original boutique hotel”, the Lenox Hotel, since1963;
The design and entitlement of the first new hotel to be built in Boston following 9/11, the Jury’s Boston Hotel. Now known as the Loews Boston Hotel, this asset was conceived by the principals of the General Partner in 2000. This project followed an intensive RFP process with the City of Boston; working closely with the Boston Redevelopment Authority and the Department of Neighborhood Development as well as the Mayor’s Office and involved the adaptive re-use of the former/original Boston Police Headquarters building;
The Comfort Inn & Suites Logan Airport was a $15 million ground-up high rise development project completed by SHG in 2000 and the first new airport hotel developed in Boston in 20 years. The project required navigation through a complex series of special permits and zoning variances. In addition, the site required environmental remediation. The hotel was originally constructed with sustainable initiatives, and since that time has undergone extensive renovations with even more of a focus on innovative environmental solutions for hotels;
More recently, in 2011, the SHG led the acquisition of the John Hancock Hotel & Conference Center to reposition into a multimillion dollar mixed-use high-rise development. Since acquiring the breakeven operation managed by Aramark, SHG’s experience and expertise had an immediate impact as indicated by the property’s 2013 net operating income (NOI), surplus cash flow of $800,000, surpassing the breakeven NOI during Aramark’s tenure. The Sponsors have been responsible in leading the entitlement process to redevelop the building into a mixed-use high-rise, comprising a five-star hotel and over one hundred residential condominiums.
The strategy, economics, strong City ties, and most importantly vision with which the Sponsors have successfully utilized over the last several decades have earned them a reputation as quality owners, and operators with an expertise and successful record at taking underutilized or abandoned property, and carefully restoring and placing them back into productive and profitable uses.