Succession plan sees co-CEO take the lead with Co-Founders Isenberg
and Neumeyer staying actively engaged.
DENVER – Sage Hospitality Group has appointed Daniel del
Olmo as president and chief executive officer, becoming the hospitality
company’s third CEO, succeeding Co-Founders Zack Neumeyer and Walter Isenberg,
who each served as CEO since its founding in 1984.
Sage, operating more than 140 hotels today, stated that the
transition reflects a multi-year succession plan designed to ensure continuity
of purpose, leadership stability and long-term value creation.
As part of the leadership transition, Isenberg will assume
the role of executive chairman of the board, remaining actively engaged in
culture, strategy and growth.
We will continue to create and operate distinctive properties rooted in their communities and driven by purpose, while elevating how we execute, innovate and support our teams.
Daniel del Olmo
Co-Founder and Chairman of the Board Zack Neumeyer will
assume the role of chairman emeritus and vice chairman of the board, remaining
actively engaged in long-term strategy, capital formation and board leadership.
Del Olmo joined Sage in early 2020 with a clear path toward
executive leadership and has since assumed increasing responsibility across the
enterprise. Most recently, he served as co-CEO alongside Isenberg, leading
enterprise strategy, performance, operations and owner relations across Sage’s
hotel and restaurant portfolio.
Looking ahead, del Olmo will focus on executing Sage’s
long-term enterprise strategy, with an emphasis on nurturing the company’s You
Belong culture, pursuing quality growth and strengthening operations across the
portfolio.
“Our purpose remains unchanged,” del Olmo added. “We will
continue to create and operate distinctive properties rooted in their
communities and driven by purpose, while elevating how we execute, innovate and
support our teams. That is how we advance our vision of redefining how the
world experiences hospitality, positioning Sage as the hospitality industry’s
most sought-after Experience Company.”
“Daniel has earned this role,” Isenberg said. “Over the past
six years, he has demonstrated the leadership discipline, financial rigor and
cultural alignment necessary to guide Sage into its next chapter. He
understands who we are, what we stand for and how we create value for our
partners. I have complete confidence in his leadership.”
“This transition reflects years of disciplined planning and
leadership development,” Neumeyer said. “Daniel has earned the trust of the
Board, our partners and our teams. Sage was built to endure beyond any one
individual, and this moment reflects the strength of our culture, our strategy
and our leadership bench. As co-founders, Walter and I built Sage on the belief
that hospitality can enrich lives and that foundation remains firmly in place
as we enter this next chapter.”