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Mountain Shore Properties’ principal and CEO Stephen Wendell owns a Bunkhouse hotel, Hotel Genevieve, in Louisville, Kentucky. So, naturally, he is particularly interested in Standard International’s new deal with Hyatt Hotels Corp. as Standard took a majority stake in the Bunkhouse brand by 2017.
From 35,000 feet, he said he likes the deal. In fact, Wendell has developed five Hyatts and said he has been happy with the results and the people he has worked with. While he loves the creativity of being part of a hipster brand like Bunkhouse, he knows the firepower Hyatt brings to the table should increase the value of his asset.