Press > An Architects View on the Sharing Economy and Diminishing Appeal of Timeshares

An Architects View on the Sharing Economy and Diminishing Appeal of Timeshares

Homepage, Design, Investment

OBMI Chairman and Architect, Tim Peck, recently shared his insights on the sharing economy and the diminishing appeal of timeshares with the International Society of Hospitality Consultants (ISHC) and Hotel News Resource.

What does the sharing economy have that timeshare doesn’t? Insights from ISHC members revolve around two common themes: flexibility and unique experiences.

ISHC’s Tim Peck, Chairman of OBM International Limited commented, “The sharing economy allows far more flexibility in being able to have your home away from home.”

“Why would a consumer want to lock into a particular exchange system when everything is easily available on Airbnb or VRBO?” added David Berins, ISHC, Owner of Berins & Co., LLC.

ISHC’s Christopher Henry, Co-Founder & CEO, Majestic Hospitality Group believes, “It has less to do with the sharing economy and more to do with changing demographics. While the model is still popular with baby boomers, the concept struggles to sell with millennials. This younger group prefers to spend their money on unique and authentic experiences while also not being tied down to commitments. Timeshares provide the exact opposite of this mindset.”

Hayden Pace, ISHC, CEO of Stokes Wagner, ALC agreed “Timeshares are being rendered obsolete by the availability of experience-driven local accommodations.”

31% of ISHC members surveyed believe the sharing economy is not diminishing the appeal of timeshare. Dan Larkin, ISHC, Partner, Bryan Cave maintained, “Branded timeshare offers features the sharing economy does not.”

With Marriott Vacations recent acquisition of Interval Leisure Group to unify the Marriott and Starwood timeshare brands, this move may prove to bolster the strength of vacation ownership.

ISHC’s Flo Lugli, Founder & Principal, NavesinkAdvisory Group, LLC weighed in on how she thinks timeshare can evolve to stay relevant, “Timeshare's value proposition now is more around points and pre-paying for great vacations rather than buying a specific unit in a specific location. To the extent that the exchange businesses can continue to support the exchange of points across multiple locations/resorts, then many will continue to see value.”

It seems ISHC’s Robin Hunden, President, Hunden Strategic Partners, Inc. prediction may be coming true with Marriott now experimenting with homesharing, “The rental home business is expanding in ways that will be hard to replicate unless the brands or management companies begin acquiring the management contracts for multiple homes in destination markets.”

Read original in Hotel News Resource.

Press > Local Schools Redesigned with Hurricane Preparedness in Mind

Local Schools Redesigned with Hurricane Preparedness in Mind


Robinson O’Neal School Redesigned and Rebuilt

Virgin Gorda, British Virgin Islands – Marking the continuation of BVI reconstruction efforts, Oil Nut Bay in conjunction with OBMI are taking the reins to re-envision and redesign the Robinson O’Neal School in Virgin Gorda. Mr. David Johnson, owner of Oil Nut Bay is funding the reconstruction, while OBMI is donating its time and resources for the architecture portion of the reconstruction. Cross Studios has generously donated time to help visualize OBMI’s architectural drawings into 3D renderings.

The school was virtually destroyed by Hurricane Irma, with ripped off roofs, blasted windows, and destroyed interiors. All due diligence and the site survey were provided by Oil Nut Bay, so OBMI could dive right in with the reconstruction drawings and architectural renderings, in order for building to begin as soon as possible.

All wood roof structures were removed and substituted by flat concrete roofs, up to Miami-Dade code standards, resistant to 180 mph hurricane winds. A second floor was added for two extra classrooms, following the same design guidelines of the original structure. OBMI and the building crew at Oil Nut Bay have worked on many projects together in the past, allowing for a challenge-free process till now.

The redesigned and renovated school will benefit from an improved structural integrity, up to Miami-Dade code, resistant to future hurricanes, providing a safe space for all students, and is set to be completed in time for the new school year in 2018. As construction develops, OBMI will keep on as a consultant for whatever is needed throughout.

“It was heartbreaking to see the aftermath of Hurricane Irma and what it did to the local community. When Oil Nut Bay reached out to us to help in this restoration effort, we jumped at the opportunity. Being able to give back to the community we’ve been working with for so long is something we are proud of. I’m extremely happy in having the opportunity to be a part of this project and am looking forward to the day when the students will be back in their classrooms, overlooking the beautiful views of the light blue Atlantic,” said James K. McDonald, Project Manager and Architectural Designer at OBMI.

OBMI is an architectural firm with a deep expertise designing for the world’s most storied destinations. With several prominent local architects in the British Virgin Islands and a long tradition of work and community in the BVI, it is thrilled to be a part of the redesign and reconstruction efforts.

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Press > OBMI Designs Largest Convention Center in Haiti

OBMI Designs Largest Convention Center in Haiti

Homepage, Projects

Réginald Boulos, the President of Société immobilière et financier S.A. (SIF), owner of El Rancho Hotel, has signed a $16.5 million contract with Manuel Genao, Vice President of the Dominican firm Estrella, for the construction of the largest Convention Center in Haiti as part of the Villa Creole master plan.

The Center, designed by the U.S. architectural firm OBM International, with a capacity of more than 1,300 people (in theater mode), will be modular and can be transformed as needed into smaller rooms from 100 to 500 places. It will also have a covered parking of 400 places.

Fully Haitian financing of this future convention center will be provided by shareholders of the CIF and financial institutions. The work should begin in February and last 18 months.

Reproduced for original article in ICI Haiti


Press > Rosewood Announces OBMI to Design Half Moon Bay Antigua

Rosewood Announces OBMI to Design Half Moon Bay Antigua

Homepage, Design, Projects, Luxury

Rosewood Hotels and Resorts has been tapped by Vancouver-based Replay Destinations to manage the new Rosewood Half Moon Bay Antigua, which is slated to debut in Antigua in 2021.

The OBMI-designed resort will be situated on 132 spectacular oceanfront acres along Half Moon Bay, which is internationally lauded as one of the world’s most spectacular beaches. The former Half Moon Bay Hotel was established in the 1950s and for decades was a sought-after vacation destination and resort playground for the international jet set. The new Rosewood will feature 47 pavilion-style suites, including a three-bedroom presidential suite. Each accommodation will feature breath-taking ocean views and thoughtful amenities finely tuned to the desires of today’s affluent explorer, including private infinity plunge pools, hammocks, open-air baths and showers and live orchid walls in each bathroom.

Boasting a design that reflects the lush locale, the aesthetic borrows from historic Caribbean and architectural pioneers to offer a classic and timeless feel coupled with modern amenities and services.

“With its secluded location and breathtaking beach, Half Moon Bay is one of the world’s most stunning hidden gems and a natural destination for Rosewood’s affluent explorers,” said Sonia Cheng, Chief Executive Officer of Rosewood Hotel Group. “We look forward to integrating Rosewood’s Sense of Place philosophy into Antigua’s incredible natural environment, to create unforgettable experiences for our guests.”

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Press > Regional Hotel Design Builds Relationships with Guests

Regional Hotel Design Builds Relationships with Guests

Homepage, Design, Luxury

Andrés Osorio, OBMI Hospitality Designer, discussed how the designing of properties needs to appeal to experience-driven consumers in the Caribbean, while he shared insights on how regional hotel design can help build relationships with the guest.

Quoted in Hotel News Now, Andrés remarked, "In regional design, you have to be true to your location, have a stable plan to enhance and preserve your environment and connect to your community. There's no way to create great experiences without investing in the community." Speaking to the firm's project in St. George's, the St. Regis Bermuda, Andrés discussed the importance of designing a property that not only fits into, but also integrates with the land, "you have to accommodate the hotel to its place."

The other panelists added their insights on regional hotel design and what it meant for them. Neil Kolton, Director of the Caribbean and Florida resort sales and services for   Interval International  stated, "Each location has pluses and minuses, it's important to know the demographic you are catering to and recognize it."

Speaking at the Caribbean Hotel Investment and Operations Summit in Bermuda, Osorio was joined by nearly 300 hospitality industry executives to discuss opportunities and challenges in the region.

Read more about Contemporary Regional Design at Hotel News Now.

Press > OBMI Part of Team Awarded Bermuda Airport Design

OBMI Part of Team Awarded Bermuda Airport Design

Homepage, Awards, Design, Projects

Representatives of the Bermuda Government, the Canadian Commercial Corporation (CCC), Aecon, and Bermuda Skyport Corporation Limited joined together to officially break ground on the new 277,300 sq. ft. airport terminal and announced OBM International as one of the four local firms awarded Bermuda airport design contracts.

In the redevelopment project for Bermuda's L. F. Wade International Airport, OBMI will be responsible for both the architecture and landscape architecture, working with Aecon to review and provide input on the design development of the new passenger terminal. As the principal liaison in Bermuda between the design and construction teams, OBMI will ensure all conditions of the planning permissions are adhered to.

“Local expertise is invaluable in every project and we’re delighted to be working with these Bermudian firms,” said Frank Ross, Aecon’s executive director of infrastructure.

“Having worked with them during the design phase, we know the local talent that they can bring to the table. We’re happy to have them as partners as we begin the construction phase of the project.”

The construction phase of the project is expected to last until the first quarter of 2020.