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RETENTION STRATEGIES FOR INDEPENDENT LUXURY HOTELS.
By DANIEL HOSTETTLER, PRESIDENT & CEO, THE BOCA RATON
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Independent hotels face a tricky talent challenge: How do you retain top executives when you can’ t offer global transfer opportunities or stock options? At branded properties, senior leaders can build equity stakes and move between continents within the same system. Independent properties need to be creative. |
When I brought my senior leadership team from Ocean House in Rhode Island to The Boca Raton in Florida, several were leaving fully vested positions to make the move. The challenge was clear: How to build compensation structures that not only attract exceptional talent but keep them committed for the long term. |
ALIGNING GOALS The foundation of the retention strategy is a longterm incentive plan that ties executive compensation to the five-year performance goals decided on with our investors. Senior executives earn bonuses based on achieving net-operating-income targets, with one caveat: payouts are |
52 hotelsmag. com Jan / Feb 2026 |