NEWPORT BEACH, CA—L.K. Eric Prevette and Carlos C. Lopes, principals of KARAS Luxury Hotel Advisors, recently completed two projects in the Caribbean and Santa Barbara.
Karas represented Charles and Linda Hickox, owners of Cap Juluca Resort on the Island of Anguilla, BWI to provide asset management and marketing initiatives to optimize revenues. The Karas team also worked with the owners and the Government of Anguilla to settle long-running legal matters, restructure a ground lease and tax obligations, and represented the owners in a sale of the property to Belmond Hotels.
Karas principals also worked with developers to complete the construction, pre-opening, and the startup of the Hotel Californian. The 140-room property has quickly achieved a reputation as the premiere boutique hotel in Santa Barbara, according to the company.
Karas, led by Prevette and Lopes, has a 30-year track record in acquisitions, transactions, asset management, repositionings, and development while working closely with its clients to improve the performance of their respective assets and strategically grow their portfolios.
The team has also been involved in developing and asset managing properties such as Hotel Bel-air in Los Angeles; Cap Juluca Resort in Anguilla, BWI; La Posada in Santa Fe, NM; Grand Wailea in Maui; L’Auberge Del Mar California; Cuisinart Resort and Spa in Anguilla, BWI; and the Costa Careyes Resort in Mexico.