CoralTree Hospitality to Manage Four Additional Tavistock Hotels in Lake Nona, Orlando, Florida

USA, Denver, Colorado. May 19, 2022

Tom Luersen, president of CoralTree Hospitality, announced that the company is expanding its portfolio with Tavistock Development Company after the successful launch of the Lake Nona Wave Hotel, which opened in December 2021. CoralTree now also manages four of the development company's Marriott branded properties in Lake Nona including a Courtyard, Residence Inn, SpringHill Suites and a new Aloft Hotel, which is scheduled to open in the fall of 2023.

"It's a great compliment when owners choose to expand their partnership with us," said Luersen. "We've had a great relationship with Tavistock throughout the opening of the Lake Nona Wave Hotel and look forward to supporting the development company's four Marriott hotels in Lake Nona as well. It's an exciting time with Tavistock as we continue to build our partnership in the Orlando area."

CoralTree started working with Tavistock in late 2020 when the management company was entrusted with opening the 234-room Lake Nona Wave Hotel, the centerpiece to the Lake Nona community urban core. The four additional branded hotels represent 562 more rooms under CoralTree's management. Each of the Lake Nona hotels under CoralTree management ranks at the top of their brand throughout the United States with the Courtyard by Marriott Orlando Lake Nona ranked No. 4, the Residence Inn by Marriott Orlando Lake Nona is No. 12 in the Americas and the SpringHill Suites by Marriott Orlando Lake Nona is rated No. 13.

Located minutes from Orlando International Airport, Lake Nona is a convenient destination for the more than 40 million passengers traveling though Florida's busiest airport each year. Created by Tavistock, Lake Nona is built on partnerships and one-of-a-kind experiences that bridge the connection between live, work, stay and play. An idealized city of the future, Lake Nona is an environment designed for people, institutions and businesses to thrive.

"We've enjoyed a wonderful working relationship with the team at CoralTree and we are looking forward to extending that across all of our hotels in Lake Nona to create a seamless and exceptional guest experience," said Nick Beucher, president of Tavistock Development Company.

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In the wake of the devastation that disrupted every aspect of their operations, the hotel food & beverage industry is proceeding with cautious optimism and a measure of hope as it re-emerges from the pandemic's darker days. It is also bringing forward all the lessons learned from the challenges that were faced, and integrating them into their current, day-to-day operations. For example, new digital interfaces that minimize physical contact, including tableside ordering systems and QR code menus. Here to stay are also features such as packaged room service meals and cocktails; on-property, quick-service food options; a greater emphasis on outdoor dining and pop-up restaurants; gourmet home meal kits; live-streamed cooking classes; and virtual wine-tastings. Still, some challenges remain, such as coping with a persistent labor shortage and maintaining scrupulous sanitation standards. The August issue of the Hotel Business Review will report on what some leading hotels are doing to integrate these changes into their F&B operations as they rebound with a remarkable resiliency.