Hotels
The Hilton Story
Paine Lake founder Robert Philips served with Hilton Guam as its Director of Business Development for the 646-room resort, guiding all sales, marketing, and revenue-generating activities. The work included being trained in Hilton’s Revenue Management system and supervising all distribution channels. The property also had six food & beverage outlets, ranging from the fine dining at Roy's to a 24-hour coffee bar named Caffe Cino.
During Philips' tenure, he led a talented team to grow annual revenue from US$29 to US$44 million per year, and annual Net Operating Income to the hotel Owner (PHR Ken Micronesia) by 120%. The property hosted more than 100 weddings per year, and opened a new seafood restaurant, Fisherman's Cove, which continues to thrive. Room and banquet clients included the U.S. Navy, Northrop Grumman, JTB, United Airlines, Korean Air, L'Oreal and Oscar-winning filmmaker James Cameron.
%20(1).jpg)
A New Brand for Banyan Tree Hotels & Resorts
Paine Lake founder Robert Philips was Director of Sales & Marketing for Cassia Phuket, the inaugural property of
Banyan Tree's newest brand.
Previously known for elegant, spiritual luxury resorts and spas, Banyan Tree decided to pivot and build their first Cassia, a vivid new hospitality concept for a new generation.
"Be Cool with Cassia" became the new mantra, as the 229-room hotel-apartment opened on the water in Thailand. It has since grown to three towers and more than 500 keys.
The Cassia brand has also grown in Thailand, Indonesia, and South Korea.
PERE (Private Equity Real Estate): Paine Lake Launches
New Asian Hospitality Vehicle
Paine Lake has launched its Paine Lake Asia Fund, a value-add real estate vehicle that is targeting $500 million to acquire hospitality assets in Japan and Thailand.
The Paine Lake Asia Fund sought to acquire hotels, serviced apartments, co-living properties and other furnished lodging in Asia.
