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Return to Virginia Business - April 2004

Vacations & Resorts

The Homestead’s steady hand
A Q&A with Gary K. Rosenberg, president and CEO of The Homestead

Related story:
- When marble isn't enough

by Doug Forshey
Virginia Business

April 2004

Gary K. Rosenberg
Title: President and CEO
Years in the business: 34
College: Elizabethtown College
Major: Marketing
Born: Chester, Pa.
Current residence: Hot Springs

Q: How did you get into the hotel/convention industry?
I really grew up in the business. My dad owned a popular local tavern in Chester, Pa. In the early 60's, he bought into a hotel and I used to spend a great deal of time with him there – although I really tried not to go into it (the hotel business). I really wanted a more normal life and tried selling printing equipment for a few years but eventually came to the conclusion that the printing business was not for me. I realized that I had another 40 years to work and wasn't going to win the lottery – so I wanted to find a career that was something I knew and was fun. I started out in hospitality as a night manager at a Ft. Lauderdale, Fla., hotel and eventually came to work for ClubCorp (the owners of The Homestead).

Q. How did you end up working for ClubCorp?
They were looking for someone to manage a project in Puerto Rico – a 3,000-acre resort. I accepted the position and packed up my wife and two young daughters (at the time, ages 1 ½ and the other just born) and went to work in Puerto Rico for two years.

Q. What makes Virginia such a preferred tourist destination?
Many tourists come for Virginia's southern hospitality. And the state has it all, from the mountains to the seashore with easy access to everything. Virginia also has one of the most successful brand campaigns in “Virginia is for Lovers.” That slogan has had a dramatic effect on tourism throughout the years.

Q: What trends are you seeing in the hospitality industry for 2004?
In addition to my duties at The Homestead, I continue to be active in a number of regional and national associations, including the American Hotel and Lodging Association's Resort Committee, and the Southern Innkeepers Association, where I (am) a past president. From that vantage point I see a number of trends, not just at The Homestead but at many other properties as well.

The past two years have been tough for us all. But now we are seeing some real signs of improvement across the industry. Group bookings have increased, some as far out as 2008. But these group bookings, especially corporate meetings, tend to be a little shorter than in past years — on average about one day less. And they tend to have little or no free time (for golf and other activities). Nowadays it's all business.

Q: What new projects are on the drawing board at The Homestead?
We recently completed a $2 million improvement in the ski area with the addition of state-of-the-art snowmaking equipment. Within the next 90 days we should complete a new lodge and outdoor pavilion for our Shooting Club. Down the road, we are planning a major renovation of the Lower Cascades golf course, designed in 1963 by Robert Trent Jones. Right now we are reviewing design specs from several architects. Since ClubCorp is in the golf resort business, we can work with the best designers. The project is slated to be completed sometime in the near future.

Finally, we need to make additions to our spa. Right now we have a capacity problem as more people are coming to enjoy its amenities. Six years ago we completed a major $6.5 million renovation. The spa is one of the main reasons people come to The Homestead.

Q: You've been at The Homestead since ClubCorp purchased the property in 1993. Where do you see yourself in 10 years?
ClubCorp doesn't move executives from property to property like many other resort chains. I really like what I'm doing and love the area and plan on finishing my career here in Hot Springs at The Homestead.

Return to Virginia Business - April 2004


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