Black Palm Development Company Profile

Background

Overview

Black Palm Development is a hospitality development and project management firm specializing in the U.S., Mexico, and the Caribbean. Founded in 2010 by Lane Holland and Edgar Caballero, the company leverages extensive experience in hotel, resort, and residential projects to deliver exceptional results.

Mission and Vision

The company's mission is to merge proven experience with modern vision, confidence with creativity, and intelligence with innovation. Its vision is to set a new standard in hospitality project development by providing comprehensive services that add value at every project stage.

Primary Area of Focus

Black Palm Development focuses on the development, renovation, project management, and construction management of hospitality properties, including hotels, resorts, and residential projects. The company operates primarily in the U.S., Mexico, and the Caribbean.

Industry Significance

With over 15 years in the industry, Black Palm Development has established itself as a significant player in hospitality development, known for its expertise in managing complex projects and delivering high-quality results.

Key Strategic Focus

Core Objectives

Deliver exceptional hospitality development and project management services.

Maintain a relentless pursuit of excellence in all projects.

Assemble specialized teams tailored to each project's unique requirements.

Specific Areas of Specialization

Hotel and resort development.

Residential project development.

Renovation and construction management.

Key Technologies Utilized

Advanced project management software for scheduling and budgeting.

Building Information Modeling (BIM) for design and construction planning.

Sustainable building technologies to enhance energy efficiency.

Primary Markets Targeted

Luxury and upscale hospitality properties.

High-end residential developments.

Renovation projects for existing hospitality assets.

Financials and Funding

Funding History

Specific details regarding Black Palm Development's funding history, total funds raised, recent funding rounds, and notable investors are not publicly disclosed.

Utilization of Capital

The capital raised is primarily utilized for:

Acquiring and developing new hospitality projects.

Renovating existing properties to enhance value.

Investing in advanced project management and construction technologies.

Pipeline Development

Key Pipeline Candidates

Waldorf Astoria Los Cabos Pedregal: Renovation of an existing luxury resort to enhance guest experience and operational efficiency.

The Cape, a Thompson Hotel: Development of a new upscale hotel in a prime coastal location.

Conrad Punta de Mita: New development of a luxury resort targeting high-end travelers.

La Privada, Chileno Bay: Residential project offering exclusive residences in a prestigious area.

Stages of Development

Waldorf Astoria Los Cabos Pedregal: Renovation phase.

The Cape, a Thompson Hotel: Development phase.

Conrad Punta de Mita: Development phase.

La Privada, Chileno Bay: Development phase.

Target Conditions

Luxury hospitality market.

High-end residential market.

Anticipated Milestones

Completion of renovations and opening of Waldorf Astoria Los Cabos Pedregal.

Completion and opening of The Cape, a Thompson Hotel.

Completion and opening of Conrad Punta de Mita.

Completion and sale of residences in La Privada, Chileno Bay.

Technological Platform and Innovation

Proprietary Technologies

In-house project management software tailored for hospitality projects.

Sustainable building practices and materials to reduce environmental impact.

Significant Scientific Methods

Utilization of BIM for efficient design and construction processes.

Implementation of energy modeling to optimize building performance.

Leadership Team

Key Executives

Lane Holland: Managing Partner with extensive experience in hospitality development.

Edgar Caballero: Managing Partner specializing in project management and operations.

David Urban: Principal, Director of Projects with a focus on project execution and delivery.

Chad Holland: Principal overseeing strategic planning and business development.

Eric Hurst: Chief Operating Officer/General Counsel responsible for operational efficiency and legal affairs.

Roberto Cantú: Construction Manager managing on-site construction activities.

Mariana Yudico: Project Manager overseeing project coordination and execution.

Elena Ocejo Jiménez: Project Manager responsible for project planning and management.

Anthony Peoples: Director of Projects and Procurement managing project procurement and logistics.

Cruz Barrera: Director overseeing project development and execution.

Paul Joseph: Principal involved in project development and strategic initiatives.

Kayla Smrecak: Project and Accounting Analyst handling project analysis and financial reporting.

Laura Salcedo: Cost Manager responsible for project budgeting and cost control.

Felix Murrieta: Project Manager overseeing project implementation and coordination.

Verónica Pacheco: Office Manager managing administrative operations.

Valerie Radcliff: Accounting managing financial operations and reporting.

Jorge A. Maldonado Murillo: Superintendent overseeing construction site operations.

Grecia Tapia Sandoval: Design Manager responsible for design coordination and execution.

Selene Rosas Siete: Construction Coordinator managing construction activities and site coordination.

Competitor Profile

Market Insights and Dynamics

The hospitality development industry is characterized by a growing demand for luxury accommodations and high-end residential properties, particularly in prime locations across the U.S., Mexico, and the Caribbean. This demand is driven by increasing tourism, rising disposable incomes, and a preference for unique and high-quality experiences.

Competitor Analysis

Royal Palm Companies: A Florida-based real estate and development firm with over 6,000 units delivered across mixed-use developments, multi-family residences, and hospitality assets totaling over $3.5 billion in managed and completed projects.

Peebles Corporation: A privately held real estate investment and development company specializing in residential, hospitality, retail, and mixed-use commercial properties, with a focus on public-private partnerships.

Strategic Collaborations and Partnerships

Black Palm Development collaborates with various stakeholders, including investors, architects, and operators, to ensure the successful execution of projects. These partnerships are crucial for accessing capital, expertise, and market reach.

Operational Insights

Black Palm Development differentiates itself through its comprehensive approach to project management, attention to detail, and commitment to quality. The company's ability to assemble specialized teams tailored to each project's unique requirements provides a competitive edge in delivering successful outcomes.

Strategic Opportunities and Future Directions

The company aims to expand its portfolio by identifying and developing new luxury hospitality and residential projects in emerging markets. Leveraging its expertise in project management and construction, Black Palm Development seeks to enhance its market presence and deliver exceptional value to clients and stakeholders.