Chief Executive Officer

08.02.2018 Author: Hospitality People Group

Client background:

US based investment firm focusing on credit and value investing strategies founded 1993 that today manages more than USD 11 billion on behalf of a global investor base

Their investment activities are global in scope with significant resources and exposure in Europe. The European division currently has over 60 employees located across Europe. The firm has invested and managed over USD 20 billion in Europe since its inception.

At the time of our appointment, our client was in the final stages of taking control of an  upper-upscale European hotel chain with a portfolio of hotels located across gateway cities in Europe. Whilst still being profitable, the company had been in a state of financial duress, translating to under-investment and under-management.  Our client was confident that under the stewardship of an international CEO with expertise in the upscale lodging sector, the group had significant potential for value creation.

Success:

We were delighted to appoint a Chief Executive Officer to take responsibility for this European Group in late 2017.  Working alongside our client’s investment team, this well-known luxury hotel CEO has repositioned the business, launching a new luxury hotel brand  reinventing the offering to cater for the shifting demands of its millennial minded guests.

In addition to this, he is currently assembling a new executive team to prepare for the next phase of implementation, whilst planning the capital investment across the portfolio of properties. The ultimate goal will be to deliver a unique and contemporary experience to its guests.