Richbell Capital and Blue Skies Forever, LLC announced the formation of The Adelphi Hospitality Group (AHG). The new company plans to develop four- and five-star restaurants and hotels in strategic locations in the U.S. and overseas.
AHG has partnered with globally recognized, award-winning chef and restaurateur Chef Gray Kunz, to assist in the creation of the food and beverage side of the business. He will set the table for an extraordinary dining experience at all AHG locations, unifying his wealth of culinary knowledge and experience in destinations around the world. Luxury resort expert, Michel Ducamp, will also join the AHG team as the chief operating officer, bringing over 30 years of corporate, multi-property and property-based experience in luxury hospitality and real estate management to group. Restaurateur Christophe Chatron-Michaud will run the management of the restaurants and hotels, heading front of house alongside both Michel Ducamp and Chef Gray Kunz. Christophe has worked under the most elite Michelin star chefs conducting the early development phases and very successful operations of famous flagship restaurants including David Bouley, Jean-Georges Vongerichten, Daniel Boulud, Michael Mina, and Charlie Palmer.
The first AHG opening will be Salt & Char, a modern luxury steakhouse in Saratoga Springs, on July 1 with Executive Chef Braden Reardon. Braden joins Salt & Char with over a decade of experience at some of America’s finest restaurants and hotels. Chef Reardon arrives in the Hudson Valley region from Manhattan, where he was executive chef of NYY Steakhouse.
Adjacent to this restaurant, the principals have acquired and are currently refurbishing The Adelphi Hotel, the last remaining of Saratoga’s Grande Dames, which will open in spring 2017. Originally built in 1877, the newly renovated Adelphi Hotel will blend old world grace and its Victorian grandeur with today’s expectation of quality, attentive service and contemporary amenities to create the ultimate hospitality experience. The Adelphi Hotel will create the setting where hotel guests and the local community converge for cozy, intimate and grand occasions. As the last surviving hotel of Saratoga’s Golden Age, beauty and appreciation is found everywhere—from the preparation of every culinary dish to the intentional design of the hotel’s spaces, The Adelphi aims to reinvent the style of Saratoga Springs’ bygone era luxury as modern luxury.
“The Adelphi Hospitality Group is comprised of leaders in global hospitality and related enterprises, each of us bringing own specific expertise and decades of experience with some of the world’s finest properties and businesses,” says Simon Mildé, AHG partner. AHG partners include Simon Mildé, Toby Mildé, Larry Roth, David Roth, James Flood, and Larry Baucom.
Simon Mildé, whose companies include Richbell Capital (RBC) a development, construction and manager of commercial, residential and hospitality assets, The Greenwich Group International (GGI), a real estate investment banking firm focused on dispositions, recapitalizations, and development financing, and Terra Capital Partner (TCP), a N.Y. based real estate capital management company focused on originating, acquiring and managing bridge loans, mezzanine loans and preferred equity investments. Though each company is individually operated and staffed, the synergy of these businesses offer expertise and insight to the industry as a whole. Collectively, these companies have completed in excess of $35 billion of real estate transactions. Toby Mildé, President of RBC, where he oversees the day-to-day acquisition, development, construction, and property management activities for the company’s real estate operations; Larry Roth Chairman of Blue Skies Forever, LLC, a real estate investment company with substantial national holdings. Larry was the founder/president of Marchon Eyewear, which he built into the largest U.S. based eyewear company and third largest worldwide. Along with wife Nancy and daughter Jaime, Larry three years ago launched LNJ Foxwoods, which has quickly grown to one of the U.S.’s largest new horse racing stables. David Roth, CEO of Blue Skies Forever, LLC, is also the co-founder of Aztech Mountain, a cutting edge high-end performance men’s sportswear company which won the 2016 style award at ISPO BRAND NEW, the world’s largest start-up competition in the sporting goods industry. David is also a partner at the popular New York City seafood restaurant, The Clam. James Flood, COO of RBC who has more than 30 years of experience in real estate development and financial management. Larry Baucom, Senior Managing Director of RBC, and one of the founding partners of GGI, has over 35 years of commercial real estate experience.
Simon and his Team will be actively looking for further opportunities to expand both the hotel and restaurant aspects of AHG.