It’s been a whirlwind couple of weeks at Yahoo, following the announcement to outsource Internet search technology to Microsoft and Yahoo stock’s subsequent 15 percent sell-off.
But the scene in Sunnyvale, California took a really odd turn on Friday when a staff memo left some Yahooligans wondering if the company planned to ditch the whole Internet thing altogether and get into the hospitality business.
Luxury hotels like the Ritz Carlton and The Four Seasons delight guests with “incredible culinary extravaganzas, personal activity and shopping attendants, and state-of-the-art spas promising to erase every worry and wrinkle,” wrote Russakow.
Good stuff, to be sure, he said, but too expensive for the average Joe.
More to his taste is Joie de Vivre, a chain of 40 boutique hotels in the U.S. which has built a business buying up “older, drab hotels in great locations,” refurbishing them with a hip veneer and developing a fanatical following without the costs of a huge staff and a rich menu of offerings.