Belz Enterprises Establishes Peabody Hotels & Resorts
The Peabody Memphis to be Flagship Property, Each Hotel to be Home to Famous Peabody Marching Ducks
Belz Enterprises announced today that it has established Peabody Hotels & Resorts, a hotel and resort management venture that will leverage the ongoing brand success of Peabody Hotels. With this strategic shift in focus, the Memphis, Tennessee, based company is moving into asset/brand management within the luxury hotel segment.
since the Belz family purchased the historic hotel in 1975, restored and reopened it in 1981. "The Peabody Memphis will be the flagship property of Peabody Hotels & Resorts, one that all future hotels under our management will be modeled after," said Douglas V. Browne, President, Peabody Hotels & Resorts.
The transition into hotel and resort brand management is a goal that Belz Enterpriseshas been quietly working toward for the past few years. "It's rewarding to see our plans finally coming to fruition," said Browne.
Moving forward, Peabody Hotels & Resorts will begin researching and evaluatingproperties that have potential to become a Peabody branded hotel. Under the management of Peabody Hotels & Resorts, properties would not only take on the Peabody name, but adopt the core standards, values and traditions such as the highly- regarded Peabody Service Excellence® culture of service. Also, like the flagship property, The Peabody Memphis, each hotel would become home to five North American mallard ducks that would continue the 80-year tradition of the March of the Peabody Ducks.
"We'll be looking for independently-owned properties in the full-service, luxury sectorthat are looking to gain a unique presence within their market. We're eager to work with hotel owners that want to be partners in this process and see their properties fitting within the Peabody brand and carrying the Peabody name. And, of course, that includes our brand ambassadors, the world famous Peabody Marching Ducks," said Browne.
Browne also announced the promotion of Craig Smith, Director of Sales & Marketing forThe Peabody Memphis, to Vice President of Brand Development for Peabody Hotels & Resorts. Smith is charged with aggressively pursuing and vetting hotel properties that meet the company's requirements.
Kelly B. Earnest
Director of Public Relations, The Peabody Memphis