Editor’s Note: June - S. Florida Business & Wealth

Editor’s Note: June

I feel as if I’ve known our June cover subject, Dayssi Olarte de Kanavos, for decades, and not just because we’re both from New York and launched our careers there. As a newish travel writer, I went on the first hard-hat tour of The Ritz-Carlton, South Beach before it opened in 2003. My love affair with luxury hotels had begun before then, but this experience—to see how a venerated, old-school brand would integrate and celebrate the MiMo architectural style of Morris Lapidus—kicked it up a notch.

What I didn’t understand at the time was that in this collaboration between the Lowenstein family, Flag Luxury Group and Ritz-Carlton (carefully watched over by the Miami Beach Historical Preservation Board), Dayssi—as a founder and now president of Flag Luxury—had the taste and expertise that moved the needle.

The story constitutes a study in art meets commerce. The Ritz-Carlton wanted to remake Lapidus’s midcentury DiLido Hotel in their clubby, traditional style. That made no sense to Dayssi and her developer husband Paul Kanavos (or to the preservation board). Meanwhile, the preservation board, which undeniably provided some excellent input, advocated for a big, wrong move: to renovate the hotel in a midmarket, as opposed to a luxury, style. That made no sense to Dayssi, either. She knew luxury, esteemed both the grandeur of European palace hotels and the cutting-edge style of the new Amanresorts, which did tropical modernism decades before the term existed.

One of Steve Jobs’ more-famous quotes is, “It doesn’t make sense to hire smart people and tell them what to do; we hire smart people so they can tell us what to do.” Well, no one had to hire Dayssi, Paul or Flag Luxury; they actually put the deal together. Yet throughout the design process, they still had to audition their smarts to their stakeholders. In interviewing Dayssi, I was struck by how Flag Luxury was able to get their (correct) vision of luxury over the top: They didn’t take no for an answer. “My husband and his brother actually tracked down Morris Lapidus personally and invited him to the Historic Preservation Board,” Dayssi recalls.

The beloved architect—so identified with the midcentury style of Miami Beach—was in his 90s but vigorous, and he read the board the riot act in a succinct two sentences: “Anything not luxury was imposed on me by the developer. This property was always meant to be luxury.”

Case closed.

I graduated law school at NYU, didn’t like it much at all, but what I learned from Dayssi’s story is that having expertise isn’t enough. At times, you really must brandish it, and even prepare to make your case like a lawyer. You’ll rarely have a bombshell witness like Dayssi had in Morris Lapidus, but Flag Luxury’s commitment to its case is something we all might want to emulate.

You May Also Like
Duty, Leadership, and the Long View 

 A veteran physician reflects on leadership, responsibility, and patient care beyond the clinic.  Atif M. Hussein, M.D., Medical Director and Program Director of the Hematology/Oncology Fellowship Program at Memorial Cancer

Read More
A smiling man in a white doctor’s coat and navy blue tie stands against a light background. The coat has embroidered text and a heart logo on the chest. South Florida Business & Wealth
All Flights Cancelled 

Spirit Airlines ceased all operations on May 2nd. What comes next?  For 34 years, Spirit was one of air travel’s most talked-about airlines. Known for budget flights with few included

Read More
Close-up view of a modern jet engine turbine attached to a yellow airplane, parked on an airport tarmac under a blue sky. South Florida Business & Wealth
Developers Break Ground on New Condominium Near Aventura Mall

 Growin Group and Property Pro Partners broke ground on EDEN, a new luxury residential development, located at 2557 NE 180th Street — near Aventura Mall. Boutique Residences The development will feature 32 luxury residences

Read More
A modern multi-story building with large glass balconies, palm trees on both sides, cars parked in front, and purple flowers in the foreground under a clear blue sky. South Florida Business & Wealth
Florida’s Insurance Reset, Through a National Lens 

Rocky Steele is Senior Vice President of Business Development at Trucordia, where he leads strategic growth initiatives and partnership development across key markets, including Florida. With deep experience in brokerage expansion and

Read More
A man with short brown hair wearing a gray suit jacket and white dress shirt smiles at the camera against a dark background. South Florida Business & Wealth
Other Posts
The Executive’s Guide to Financial Clarity

Financial success rarely arrives with simplicity. For executives and business owners, growing wealth often introduces a new layer of complexity, where liquidity, tax exposure, and family dynamics demand the same

Read More
Bald man wearing a blue checked suit jacket and light blue shirt, smiling at the camera, with a bright, blurred white background. South Florida Business & Wealth
Powering the Creator Economy 

In South Florida’s increasingly influential creator economy, Olivia Ormos is less focused on content than on what powers it.  As founder of mavn, the Miami entrepreneur is building the infrastructure layer

Read More
A woman in a black outfit stands holding a microphone in front of a MAVN sign, with two black chairs and display boards reading “influencer marketing done right” and “where creators, brands, + culture collide.”. South Florida Business & Wealth
Building Through the Bottleneck 

 Demand remains strong across South Florida, but rising costs, stalled deals, and execution challenges are reshaping how projects move from concept to completion  South Florida’s construction market is not slowing down. It

Read More
A mature man with gray hair and glasses, wearing a gray suit and white shirt, stands indoors and buttons his jacket. There is a brick wall with framed art and a beige couch in the background. South Florida Business & Wealth
Miami Has a New Way to Get Tasks Done

Airtasker allows people to connect with local service professionals to get the job done. Each day, businesses and individuals juggle multiple tasks in Miami – a city that’s as fast

Read More