Market Watch, March 1, 2017

MARCH 2017 MARKETW ATCHMAG COM MARKET WATCH 73 The Beekman hotel which opened last year near the World Trade Center in Lower Manhattan houses the Colicchiohelmed restaurant Fowler Wells The venue serves urban American seasonal fare from diver scallops topped with black truffle vinaigrette to a sirloin steak plated with braised short ribs entrées are 31 to 65 Fowler Wells also offers a seven course tasting menu 135 per person and features its own drinks focused space called The Bar Room The lounge boasts a comprehensive beverage program that includes more than 20 specialty cocktails 18 myriad sipping spirits 12 to 199 a 2 ounce pour wines 14 to 50 a glass 48 to 2400 a 750 ml and beer and cider 8 to 40 a draft pour or bottle The Luigi Ferrarese blending Old Overholt rye whiskey Dolin Blanc vermouth Zirbenz Stone Pine liqueur and Regans No 6 Orange bitters is a popular signature drink Nearby in the Financial District Gild Hall offers an upscale retreat inspired by Aspen Colorado The hotel includes a location of the four unit rustic Tuscan restaurant Felice Ristorante as well as a library themed cocktail lounge and a wine focused bar Felice serves homemade pastas and a variety of meat and fish dishes entrées are 18 to 32 and the cocktail menu offers several specialty drinks 13 to 15 including the Pera made with Mayfair gin house made spiced pear syrup lemon juice and egg white The restaurant also has a lengthy Italian wine list that features more than 20 glass pours 10 to 33 and 100 plus bottled selections 35 to 580 a 750 ml Rounding out Thompson Hotels New York City portfolio is Smyth in Tribeca With 100 guest rooms and suites the property houses Carmellinis Little Park restaurant and the upscale lounge Evening Bar Little Park highlights seasonal American fare with such entrées as crab vermicelli baked oysters and aged duck 16 to 32 while Evening Bar offers cocktails mixed with artisanal spirits Signature drinks include the Dos Caras comprising El Luchador Organic Blanco Tequila Dolin Dry vermouth Yellow Chartreuse Suze liqueur and Bittermens Boston Bittahs cocktails are 15 to 34 Our hotels incorporate the sensibility of their neighborhoods Leondakis says Each one is in a highly desirable location generally a neighborhood or community within an urban center Great restaurants and bars have always been part of the brands identity If the local community loves the restaurants and bars and wants to be there hotels guests will too Branching Out The Thompson Hotels brand was born in New York City but over the last few years it has expanded into other markets Thompson Chicago opened in 2013 in the Windy Citys Gold Coast district while Thompson Seattle debuted in June 2016 near Pike Place Market and Thompson Nashville opened in October 2016 in The Gulch neighborhood Each of the hotels features destination restaurants and bars Thompson Chicago houses Wu Bowers fine dining restaurant Nico Osteria which serves upscale fare like lobster spaghetti dry aged rib eye steak and red snapper Milanese entrées are 17 to 69 The drinks menu offers such specialty THOMPSON HOTELS AT A GLANCE Founded Ownership Key Executives Headquarters Number of Units Annual Revenue Sales Breakdown Website Future Plans 2001 in New York City Thompson Hotels is owned by parent company Two Roads Hospitality which also operates five other hotel brands Joie de Vivre Hotels Resorts Destination Hotels Alila Hotels Resorts Tommie and the Chicago Athletic Association Hotel Jamie Sabatier CEO of Two Roads Hospitality Niki Leondakis CEO of hotels and resorts for Two Roads Hospitality Thomas Luersen COO of Two Roads Hospitality Jorge Treviño executive vice president of brand operations for Two Roads Hospitality Lana Trevisan vice president of restaurants bars and nightlife for Two Roads Hospitality Thompson Hotels is based in New York City Two Roads Hospitality is based in Denver and has offices in San Francisco Six U S locations in New York City Chicago Seattle and Nashville Tennessee as well as international units in Toronto and Cabo San Lucas and Playa del Carmen Mexico Undisclosed Food and beverage comprises 40 percent of total revenues for the Thompson brand with food accounting for 55 percent of the segment and beverage making up 45 percent Thompsonhotels com Thompson Hotels is the fastest growing hotel brand for parent company Two Roads Hospitality Executives expect to add four Thompson units in the near future in Los Angeles Dallas San Antonio and Houston Upscale artisanal cocktails take center stage at Little Park in the Smyth hotel in Manhattans Tribeca neighborhood