The first venture under this philosophy was the Guadalupe River Ranch, a 360-acre exclusive resort ranch and seminar / conference center in the Texas Hill Country, in which PHG acquired 50% interest. It was originally operated in the early ’90s as a private retreat center that was rented to groups only. Under PHG this Hill Country ranch was opened to the public and developed into a resort that featured gourmet food and a complete resort experience. During the 6+ years of PHG’s ownership and management, the Guadalupe River Ranch achieved many milestones including revenue growth from $300,000 to $3 million annually; a net operating income in excess of 20% in each of the last 3 years; and national acclaim for food, wine and service featured in Southern Living, Texas Monthly, Texas Highways, Gourmet, and Wine Spectator (Award of Excellence in 2000). PHG successfully sold its interest in the ranch in March of 2000 in order to facilitate future growth.
In 2000 PHG’s next venture was another boutique project, acquiring the historic Ye Kendall Inn in Boerne, TX a state and national historic landmark built in 1859. From the acquisition in 2000 to the selling of their interest in 2012, Ye Kendall Inn blossomed from humble beginnings as a 17 room Bed & Breakfast, to a bustling 36-room Inn, Conference Center Award Winning Restaurant and AVEDA Lifestyle Spa. PHG developed and managed the award winning Limestone Grille, which achieved many accolades & national acclaim for food, wine and service. Limestone Grille featured in Southern Living, Texas Monthly, Texas Highways, Gourmet, and Wine Spectator (Award of Excellence in 2000 – 2012). Ye Kendall Inn became one of the top and most sought after destinations for small group/corporate retreats, and celebrity weddings (Blake Shelton & Miranda Lambert), The Inn hosted many of the groups who sought the gourmet food & resort experience from the Guadalupe River Ranch. Ye Kendall Inn was also know and sought after as the pre-eminent wedding destination in the Texas Hill Country and Boerne, for both locals and celebrities. PHG sold its interest in the Inn in 2012, again in order to facilitate future growth.
2008 began a focus on new development, with the construction of the 130 Suite Homewood Suites by Hilton at Stone Oak, which opened in August of 2008, and would be the first of many PHG ventures with Hilton.