This company thinks your next vacation needs a touch of luxury. WHM does business as LXR Luxury Resorts, and operates a collection of about 30 upscale hotel properties. Its resorts are located in the US (with a concentration in Florida and western states such as California and Arizona), the Caribbean (in Puerto Rico and Jamaica), and Europe (with two locations in Berlin). Its properties typically fine dining and leisure activities such as golfing, swimming, and skiing. Several locations operate under luxury brands such as Waldorf Astoria, Hilton, and Hyatt. LXR's portfolio includes the Miami Beach Resort in Florida and The London NYC in New York City. WHM is an affiliate of investment firm The Blackstone Group.
With help from Blackstone, LXR Luxury Resorts intends to expand even further in Florida.
It has plans to build a $250 million development on Fort Lauderdale's Bahia Mar peninsula. The plan includes the building of a 296-room Waldorf Astoria hotel, a marina, and 1.5-acre park atop a parking garage. (The company dropped plans to include two condo towers in the development after receiving complaints from neighborhood activists.) LXR intends to finish the project by 2016.
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