As Unique Food And Beverage Programs Continue to Drive Successful Real Estate Developments, Cultivate Fills a Void in the Marketplace by Bridging the Hospitality and Real Estate Industries
LOS ANGELES, June 13, 2018 /PRNewswire/ -- Real estate development and hospitality veteran Peter Peterson today announces the launch of Cultivate Hospitality Group, a Los Angeles-based full-service food and beverage ideation, consulting and management company created to pair real estate developers and property owners with innovative restaurant and entertainment concepts. Providing a one-stop shop for unique food and beverage and real estate development opportunities, Cultivate offers a full menu of capabilities that can be tailored through à la carte options including custom concept creation and master planning, development oversight, public relations/marketing strategies, asset management, market analysis and more. With food and beverage taking center stage as a key driver in the world of real estate, the Cultivate team's deep relationships and more than 60-years combined experience in both signature culinary ideation and real estate development brings a unique, never-before-seen expertise to the marketplace.
"Curated culinary programming has proven to be the secret sauce in driving successful development," said Peter Peterson, President and Managing Partner of Cultivate and former Vice President of Related Urban Development leading food and beverage programming for prime mixed-use projects such as New York City's 17 million-square-foot Hudson Yards and 2.8 million-square-foot Time Warner Center, as well as the Restaurant Collection at The Cosmopolitan Las Vegas. "We have specialized expertise in fostering connections between hospitality and real estate and curating concepts that maximize value, whether it's a hotel that could be revitalized with a timeless restaurant, or an office space that needs a creative food and beverage concept to appeal to trend-seeking entrepreneurs."
Upon launch, Cultivate has been engaged to support the following high-profile projects across the United States:
"Developers are attracted to the value-add Cultivate offers by specializing in both the culinary and development sides of the business which is a unique combination not replicated elsewhere," said Sam Bakhshandehpour, Board Member and Principal of Cultivate. "The team has created the ultimate destination delivering the utmost quality in concept curation for food and beverage clients."
To learn more about Cultivate Hospitality Group, visit cultivate-hospitality.com.
ABOUT CULTIVATE HOSPITALITY GROUP
Cultivate is a full-service food and beverage consulting team that connects real estate developers with industry-leading chefs and restaurant operators. With over 60 years of combined experience in both food and beverage operations and real estate development, Cultivate offers a wide variety of services including master planning, design oversight, underwriting, concepting, and operator search. Cultivate's current roster of projects includes hotels, casinos, retail centers, mixed-use projects, and residential projects. Cultivate has successfully conceived and delivered 48 food and beverage spaces and has existing relationships with over 85 operators.
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SOURCE Cultivate Hospitality Group