Next for Dream: Boutique Hotels in Belize and Tulum<br />The increased competition in the New York market over the last few years, with new hotels like the Baccarat<br />Hotel, has forced everyone to look at what they’re doing and really perform everything well.<br />The Dream Downtown New York hotel opened in the former National Maritime Union Building, a 1960s-era<br />concrete structure with porthole windows and a glass-bottomed pool that sits over the lobby.<br />“There were others that started to catch on, but we’ve been an early player with luxury boutique hotels.”<br />The company, which includes the Chatwal New York and Time Hotels, currently operates 18 properties.<br />There are plans for 30 additional hotels internationally over the next four years, from a Dream hotel<br />in Belize to boutique-oriented Unscripted hotels in Birmingham, England, and Tulum, Mexico.<br />With the growth of boutique hotels, what factors are considered when determining how<br />a Dream property would fit into a particular market, especially midsize cities?
