L.K. Eric Prevette, Principal

With more than 30 years of real estate, finance and hotel industry experience, L. K. Eric Prevette is Managing Director with Luxury Hotel Advisors, Inc., a Newport Beach based hospitality consulting and advisory services firm which provides a variety of services to hotel owners, investors, developers and lenders. Prevette is an accomplished professional with special expertise in hotel development, strategic and financial planning.
Prevette was president for the Resort Properties Division of The Irvine Company. During his tenure with the Orange County, California-based real estate investment company, he spearheaded and grew the company’s resort properties division to include three hotels, three Tom Fazio designed golf courses and five marinas with over 400 slips, with a value of over $1 billion and annual revenues of $400 million. Prevette was responsible for converting the Four Seasons Newport Beach to the independently operated Island Hotel and oversaw planning and development for Pelican Hill Resort. He also renovated and re-positioned the Hyatt Regency Irvine and oversaw planning, development and construction of Shady Canyon Golf Club.
Prevette was also president and CEO of the Scottsdale, Arizona-based Olympus Hospitality Group, responsible for the direction and management of a hotel portfolio consisting of six wholly owned hotels, six managed hotels and 70 franchised hotels. During his tenure with Olympus he acquired and successfully re-launched the RockResorts brand. Hotels acquired, re-developed and built from ground up include the:

  • Cheeca Lodge, Islamadora, FL
  • La Posada de Santa Fe, Santa Fe, NM
  • The Equinox, Manchester, VT
  • Rosario Resort, Orcas Island, WA
  • Casa Madrona, Sausalito, CA

Prevette also launched Unique Hotels & Resorts and The Bel-Air Hotel Company, hotel management companies he founded to focus on improving the performance of luxury hotels. Over a period of ten years, he successfully repositioned and assisted in the sale of hotel properties valued in excess of $400 million – and entered into management agreements for six hotels in Europe and Mexico, based on brand equity of the company’s flagship property, the Hotel Bel-Air in Los Angeles. The Bel-Air portfolio of managed hotels included:

  • Hotel Bel-Air Los Angeles, CA
  • Hotel Bel-Air Grand Cap du Ferrat, St. Jean Cap Ferrat, France
  • Las Alamandas, MX
  • Hotel Careyes, MX
  • El Tamarindo, MX

With Unique Hotels, Prevette developed or re-developed and managed:

  • The Biltmore Hotel, Los Angeles, CA
  • The U. S. Grant Hotel, San Diego, CA
  • L’Auberge Del Mar, Del Mar, CA
  • Lake Arrowhead Hilton, Lake Arrowhead, CA
  • The Wales Hotel, New York, NY
  • The Franklin Hotel, New York, NY
  • The Roger Williams Hotel, New York, NY
  • The Shoreham Hotel, New York, NY
  • The Mansfield Hotel, New York, NY
  • The Beverly Crescent Hotel, Beverly Hills, CA
  • Biras Creek Hotel, Virgin Gorda, BVI
  • K Club, Barbuda, Antigua
  • Cap Juluca, Anguilla, BWI
  • Cuisinart Resort and Spa, Anguilla, BWI

Unique Hotels also provided asset management services on behalf of Credit Suisse First Boston for the Grand Wailea Resort and Spa, Maui, HI.
Prevette began his hospitality career as senior vice president for finance and development with Rosewood Hotels & Resorts and a senior vice president with Southland Financial Corporation. With Rosewood Hotels and Resorts, Prevette was responsible for the development or re-development of the first five hotels including:

  • The Mansion on Turtle Creek, Dallas, TX
  • The Remington on Post Oak Park, Houston, TX
  • Hotel Bel-Air, Los Angeles, CA
  • Hotel Hana Maui, Maui, HI
  • Hotel Crescent Court, Dallas, TX

With Southland Financial, Prevette was responsible for development of:

  • Four Seasons Las Colinas, Irving, TX
  • Regent Four Seasons Resort and Sports Club, Irving, TX
  • The Downtown Sheraton, Dallas, TX

Prevette started his career with Price Waterhouse, working both domestically and internationally. He holds an MBA with a concentration in real estate and finance from the University of Texas and a Bachelor of Science degree in accounting and finance from High Point University in North Carolina.