Sebastian Colella’s homecoming at Pinnacle takes place during a precarious moment in the hotel industry. By one recent measure, Boston is the world’s priciest hotel market. But hotels’ operating performance is flattening, a reflection of macroeconomic conditions including a decrease in international travel.
Sebastian Colella remembers when it was easy to distinguish the difference between “boutique” hotels and “traditional” hotels run by large hospitality companies.
Traditionally a lower-priced spillover market when Boston hotel rooms become scarce, the city of Revere suddenly is positioned to tap into a growing hospitality market in its own backyard, with a 1,000-room pipeline under construction or seeking approval, more than doubling the city’s existing room inventory.
