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Dayssi Olarte de Kanavos


Flag Luxury Group LLC

Company has more than $1 billion of new projects in the pipeline

Serves on various Cornell School boards; received its Merit of Excellence Award in Philanthropy

Dayssi Olarte de Kanavos is a Colombian-American real estate developer, hotelier and philanthropist. She is the co-founder, President and COO of Flag Luxury Group LLC. In her role, Olarte de Kanavos is involved in all aspects of Flag Luxury’s real estate initiatives, including site sourcing, finance, branding, architectural and interior design, hotel programming, zoning and construction, and asset management.

Flag Luxury’s notable recent projects include The Ritz-Carlton, South Beach; The Ritz-Carlton, Coconut Grove and Residences and The Sagamore,  Miami. Under Olarte de Kanavos’ leadership, Flag Luxury has more than $1 billion worth of new projects in its pipeline in New York City, Miami and Orlando.

An alumni of the Cornell School of Hotel Administration, Olarte de Kanavos became a member of The School of Hotel Administration Dean’s Advisory Board. She also serves on the Cornell University Council, The President’s Council of Cornell Women, and is a member of the Major Gifts Campaign at Cornell. In the height of her career, Olarte de Kanavos was invited to guest lecture the 45th edition of the Dean’s Distinguished Lecture Series at the School of Hotel Administration.

Olarte de Kanavos received the acclaimed Merit of Excellence Award in Philanthropy from Cornell University and was named Humanitarian of the Year at the Mary Haven Center of Hope, all while an undergrad at Cornell. She founded The Friends of New Yorkers for Children and is actively involved as a board member for Save Venice, Inc. Additionally, she has been a member of and chaired various committees for the Associates Committee for Memorial Sloan Kettering, Friends of Baby Buggy, The American Ballet Theater and Jazz at Lincoln Center.

These are just a few of the reasons we chose Dayssi Olarte de Kanavos as one of Connect CRE’s New York & Tri-State 2022 Women in Real Estate Award winners. Connect CRE’s Women in Real Estate Awards honor the achievements and inspirational stories of women who have reached respected positions of leadership and play key mentorship roles for others.


Inside The Story

Flag Luxury's Olarte de Kanavos

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