THE HARVARD BUSINESS SCHOOL ASSOCIATION
of SOUTHEASTERN NEW ENGLAND
invites you to enjoy a one-of-a-kind evening at
THE OCEAN HOUSE
CHARLES M. ROYCE
OCEAN HOUSE PRESERVES 136-YEAR-OLD HISTORY
The Ocean House, one of New England's last grand hotels, re-opened its doors in June 2010. The 136-year-old property, originally built after the Civil War, is perched high on the bluffs in Watch Hill, Rhode Island. Built by Captain George Nash in 1868, the Ocean House captured the attention and loyal patronage of society families across America.
In 2004, a group of summer residents led by Charles M. Royce attempted to salvage the original structure that had deteriorated over time. When engineers confirmed that salvaging the building was not an option, the group sought to preserve the Ocean House by faithfully replicating the historic portion of the hotel and adding private residences. More than 5,000 artifacts and architectural details were harvested from the Ocean House to be cast in plaster and replicated in its rebuilding, including a 19th century elevator, reservation desk, stone fireplace, mantels, moldings and chandeliers.
Join us for cocktails and heavy hors d'oeuvres on the beachside terrace overlooking the Atlantic, weather permitting, or inside in a private club setting, and hear Chuck Royce, newest owner of the Ocean House, share his trials and tribulations on this historic renovation project. For those who would like a behind-the-scenes peek at the new building, including the spa, restaurants, kitchens, and condominiums, a cook's tour guided by Managing Director, Daniel Hoststettler, will follow.
LOCATION: Ocean House at Watch Hill 1 Bluff Avenue Watch Hill, RI 02891 (401) 584-7000
DATE: Friday, October 15, 2010
DIRECTIONS: Click Here for Directions, or see below
Open Bar and Heavy gourmet hors d'oeuvre stations 6:30 P.M. Presentation by Chuck Royce, Q & A session 7:00 P.M. Guided Tour
"Concept Into Reality & Surprises Along the Way"
hosted by Daniel Hoststettler and staff
COST: $50 per person, includes Free Valet Parking, Open Bar, Heavy Gourment hors d'oeuvres, and Tour
or reply via mail to: HBSA-SNE, c/o Polly Daly, Treasurer
61 Cooke Street, Providence, RI 02906
Total # @ $50
Total $ Enclosed
CHARLES M. ROYCE
~Owner, the Ocean House~
Charles M. Royce, a local Watch Hill resident, purchased the historic property in 2003 in order to preserve an icon on the Rhode Island shoreline, and a cornerstone of the community. When plans to renovate the building proved to be impossible, due to the structural soundness of the building, Royce decided to replicate the property to be as close to the original as possible, while catering to the needs of modern travelers. After 5 years of construction, and a $146 million financial commitment, the Ocean House stands again as a true testament of Royce’s dedication to historic preservation and the community.
Royce has long been driven by a passion for restoration and design – which is evident in the detailed work he did to restore the famous boat Aphrodite. Additionally, he has always been an active philanthropist, visible in his involvement in the restoration of the Avon Theater in Stamford, Connecticut, where his philanthropic efforts met his love of restoration work, as well as his involvement in a wide range of charitable organizations.
Royce is the President and Co-Chief Investment Officer of Royce & Associates, LLC and President of The Royce Funds, a position he has held since 1972. For more than 35 years, Royce & Associates has utilized a disciplined value approach to select smaller companies for their investment portfolios. He has 47 years of investment experience, with 37 years as a smaller-company value portfolio manager. Prior to 1972, Mr. Royce served as the Director of Research at Scheinman, Hochstin, Trotta, and as a security analyst at Blair & Co.
He received a bachelor’s degree from Brown University and earned a Master of Business Administration degree from Columbia University.
~Managing Director, the Ocean House~
Daniel Hostettler, a hospitality executive with nearly 20 years of luxury hotel and restaurant industry experience, has been appointed Managing Director of the Ocean House in Watch Hill, Rhode Island. Hostettler’s responsibilities include overseeing day-to-day operations of the Ocean House as well as the long term strategic vision for the property.
Prior to his position at the Ocean House, Hostettler’s career has included overseeing leading landmark hotels and resort properties across the United States and Europe.
Most recently, Hostettler was President and Managing Director of Lajitas - The Ultimate Hideout, an independently-owned, Mobil Four-Star, AAA Four Diamond, Leading Hotel of the World and Preferred Hotel of the World property based in Texas. At Lajitas, he oversaw development and implementation of architecture, interior design, construction and branding of the property, including its championship golf course and country club, world-class spa, and residential community, as well as its equestrian, shooting and hunting facilities. During Hostettler’s tenure, Lajitas’ annual revenues and occupancy swelled by more than 20 percent annually.
Previously, Hostettler served as Managing Director at La Posada de Santa Fe Resort & Spa in Santa Fe, N.M., and the Summer Lodge Country House Hotel and Spa in Dorset, England, both of which underwent dramatic growth under Hostettler’s guidance.
Hostettler holds degrees in Business Administration and in Finance from University of Denver. He grew up and was educated in Europe and as a result he is fluent in Swiss, German, French and Spanish, in addition to English. Mr. Hostettler, his wife and son now reside in Westerly, RI.
Take Route 93 South. Merge onto Route I-95 South towards Providence, Rhode Island. Take Exit 92 off Route I-95 (North Stonington/Pawcatuck exit). Turn left off exit, take next left onto Liberty Street, and merge onto Route 78 East towards beaches. Go straight through intersection onto Airport Road and remain straight through stop sign. At end of Airport Road take a left onto Watch Hill Road toward the Ocean House. Drive about two miles and then take a left onto Westerly Road. Follow Westerly Road until you see the Ocean House on your left. Take a slight left onto Bluff Avenue and the front drive of the Ocean House.
From New York City
Take Route I-95 North to Exit 92 (North Stonington/Pawcatuck exit). Turn right onto Liberty Street and merge onto Route 78 East towards beaches. Go straight through intersection onto Airport Road and remain straight through stop sign. At end of Airport Road take a left onto Watch Hill Road toward Ocean House. Drive about two miles and then take a left onto Westerly Road. Follow Westerly Road until you see the Ocean House on your left. Take a slight left onto Bluff Avenue and the front drive of the Ocean House.
If driving to the Ocean House, please use the following address in your GPS search engine: One Bluff Avenue, Westerly, Rhode Island 02891.