Joie de Vivre charts course after investment
Joie de Vivre Hospitality intends to cast its shadow beyond the Golden State. The boutique hotel company plans to nearly double in size thanks to a US$150-million infusion from Geolo Capital, according to recently named interim CEO Gary Beasley. JDV currently has 35 hotels and about 4,250 rooms in its portfolio—all in California—but is searching from sea to shining sea to add to the list. Beasley mentioned markets such as New York, Seattle and Portland as potential expansion opportunities as well as having more hotels in its home state.