Dream Hotel Group Appoints Dimitri Mitropoulos as Vice President of Food & Beverage

USA, New York City, New York. January 31, 2019

Renowned hotel brand and management company Dream Hotel Group is pleased to announce the appointment of Dimitri Mitropoulos as Vice President of Food & Beverage, overseeing the seamless delivery of all food and beverage operations at Dream Hotel Group properties worldwide, including the soon-to-open Dream Nashville hotel featuring 168 guest rooms and suites, and six dynamic dining and nightlife venues.

Based in New York City and bringing more than 15 years of experience in the hospitality industry to the role, Mitropoulos will be responsible for providing strategic leadership, guidance and direction on all new and existing concepts and initiatives. He will also lead the charge in the creation, implementation and daily monitoring of standard operating procedures and structure for all food and beverage outlets, attaining the highest standards and efficiency, at Dream Hotel Group.

“With Dream Hotel Group's strong emphasis on lifestyle, dining & nightlife, we found a strong anchor in Dimitri to help deliver our company's food and beverage operations to the highest standard,” said Dream Hotel Group CEO Jay Stein. “We look forward to Dimitri being a strong team player and helping assist in the growth and success of the company.”

A graduate of Arizona State University, Dimitri began his career in 2003 as co-founder, owner and managing partner of several independent restaurants and nightclubs in Arizona and Detroit, before joining TAO Group in Las Vegas in 2011, where he held multiple leadership positions, including General Manager for Marquee Day Club, TAO and LAVO. He joined sbe Hospitality Group as Director of Operations in 2014 and was responsible for the restructuring of sbe's dining and nightlife venues in Miami, including Hyde Beach, Hyde Lounge, Hyde American Airline Arena, SLS Pool and Beach Front Property. Dimitri returned to TAO Group in 2016, where he most recently served as Director of Operations, overseeing the pre-opening development and launch of Avenue, The Highlight Room and Luchini Pizzeria & Bar, as well as the hotel lobby bar and in-room dining operations, at Dream Hollywood.

Dimitri also has a wealth of knowledge and expertise in developing large, high-profile events and VIP activations at Miami Music Week, Sundance Film Festival and Electric Daisy Carnival, as well as The Chelsea Ballroom, a flashy, 40,000sqft concert and events venue at The Cosmopolitan of Las Vegas.

“I've worked closely with Dream Hotel Group in my prior role at TAO Group, and I've always been impressed with the brand and its management,” said Mitropoulos. “I'm passionate about the hospitality industry and honored to be doing what I love in this next chapter with the Dream Hotel Group.”

With 19 hotels open today and another 20+ locations in various stages of development, Dream Hotel Group is on track to triple its existing portfolio by 2022. Today's announcement signals another exciting milestone in the continued growth and evolution of the company and its portfolio of lifestyle brands.

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Coming up in October 2019...

Revenue Management: Focus On Profit

Revenue Management is still a relatively new profession within hotel operations and as such, it continues to evolve. One significant trend in this area is a shift away from using revenue as the foundation to generate key performance indicators (KPIs) and to instead place the emphasis on profit. Traditionally, revenue managers have relied on total revenue per available room (TrevPAR) and revenue per available room (RevPAR) as the basis of their KPIs. Now, some revenue managers are using gross operating profit per available room (GOPPAR) as their primary KPI. This puts profit at the center of revenue management strategy, and managers are increasingly searching for new ways to increase the profitability of their hotels. Return on Investment is the objective of any hotel investment, so it is only logical that profitability and ROI will be emphasized going forward. Another trend is an expanded focus on direct hotel bookings. Revenue managers know that one way to increase profitability is to steer guests away from online travel agencies (OTAs) and book directly with the hotel. This tactic also reinforces brand identity and loyalty, and encourages repeat business. In addition, it provides a valuable platform to market the hotel directly to the customer, and to upsell room upgrades or other services to them. Another trend for revenue managers involves automation in their software programs. Revenue management systems with automation are far more desirable than those without it. Automating data entry and logistics increases efficiency, allowing managers to spend more time on formulating strategy. As a bonus, an automated system helps with aggregating and interpreting data. The October issue of the Hotel Business Review will address these developments and document how some leading hotels are executing their revenue management strategies.