Member Biography

Gene Prescott

Title: President

Organization: The Biltmore Hotel

Committee Position: Member

Term: 01/11/2012 to 06/30/2021

T. Gene Prescott is sole shareholder of Seaway Hotels Corporation. Prescott grew up on an Idaho cattle ranch and graduated from the University of Idaho. He holds a M.S. Degree from Carnegie-Mellon University, is a Certified Public Accountant (Touche-Ross, Cleveland) and was a management consultant in the United States and in Italy for Olivetti. Mr. Prescott served as an officer and director at a number of publicly-owned companies before striking off on his own by purchasing interests in a variety of business ventures.

Mr. Prescott purchased the Sheraton Sand Key Resort, a 390 room beachfront property in Clearwater, Florida in 1980 and became a principal investor in the Biltmore Hotel, a 275 room destination resort in Coral Gables, Florida in 1992. He added the Alexander All Suite Hotel on Miami Beach in 1994 and this property was sold in 2015. Mr. Prescott also owned the Staten Island Hotel in New York from 1994 and sold it in 2008. In addition to these prestigious hotel properties, his portfolio holdings include two public refrigerated warehouses in New Jersey and a wholesale travel agency in Chicago.

Mr. Prescott is active in many aspects of the community, including the following boards and committee membership:

Board Memberships Include:

- Florida International University Foundation – Board of Directors
- FIU Foundation - Finance & Audit Committee; Investment Sub-Committee
- FIU School of Hospitality and Tourism - Advisory Board
- VISIT FLORIDA – Board of Directors
- Florida Restaurant and Lodging Association - Board of Directors; Government Relations Committee; Finance & Administration Committee
- Orange Bowl Committee –Finance Committee; Investment Committee
- Beacon Council One Community One Goal – Former Hospitality and Tourism Committee Chair
- Greater Miami Conventions and Visitors Bureau - Immediate Past Chairman
- Miami Children’s Hospital - Former Chair of Finance Committee
- Eastern National Bank - Former Director
- Bank of Coral Gables - Founding Director
- Miami-Dade Expressway Authority - Former Director and Treasurer