Here’s
a roundup of the top hotel executive moves of the past week.
Here is a
compilation of the top executive moves of the past week in the hotel investment
world, alphabetically (by company):
Three
directors quit CDL board. Three directors have resigned from a hotel subsidiary controlled by one
of Singapore’s wealthiest families, according to multiple reports, in the
latest twist in a corporate shakeup triggered by an internal feud. City
Developments Ltd. (CDL) said in a filing that Jennifer Duong Young, Daniel
Desbaillets and Wong Ai Ai have resigned as directors of London-based
Millennium & Copthorne Hotels Ltd. The three had served on the hotel unit’s
board for just over a year and were among six directors installed last year in
a move seen as an attempt to dilute the influence of family patriarch Kwek Leng
Beng, who also chairs the parent company. At the time, Kwek Leng Beng filed a
lawsuit against his son Sherman Kwek, who is CDL’s group CEO. The lawsuit was
eventually dropped when a key adviser to the elder Kwek, Catherine Wu, left the
hotel unit.
Cushman
& Wakefield hires Spanish exec. Cushman & Wakefield has appointed Luis Arsuaga as head
of capital markets hospitality in Spain. In his new role, Arsuaga will lead the
hotel platform alongside co-heads and partners Bruno Hallé and Albert Grau.
New CEO
at HEI Hotels. Norwalk, Connecticut-based HEI Hotels & Resorts has promoted Clark
Hanrattie, a partner at HEI for 23 years and an industry veteran for over 30
years, to CEO and managing partner, effective July 1. Hanrattie will succeed
Anthony Rutledge, who has held that role since 2012. The company said that
after the transition date, Rutledge will remain a significant owner and partner
at HEI. Over his career, Hanrattie has been instrumental in the acquisition,
revenue management, and expense management of more than 175 hotels, with
transaction value exceeding $9 billion. Hanrattie began his career in 1993 at
Olympus Real Estate, where he rose from analyst to partner, leading all hotel
investment and asset management activities. He joined HEI in 2004 to bolster
its owner/operator business model and played an integral role in driving HEI’s
portfolio growth from 35 to over 100 hotels.
Hilton
names Canadian exec. Hilton has named Mark Kochhar as director, franchise development, Canada.
Kochhar holds more than 13 years of experience with Hilton and three decades in
the hospitality industry. He most recently served as director, owner relations,
Canada.
PM Hotel
Group promotes. Chevy Chase, Maryland-based PM Hotel Group has made several leadership
promotions. Ashli Musyt has been promoted to vice president of portfolio
marketing. In this role, she will lead marketing strategy and execution across
PM Hotel Group’s lifestyle and Hawaii properties. Kevin Johnson has been
promoted to vice president of Sales, following his success as regional director
of sales. In his new role, he will provide expanded leadership across a group
of properties.
Sirius names new exec. Matt Lederer has been appointed as director of
acquisitions at London-based The Sirius Hotel Group (formerly Resident Hotels).
Lederer joins the company following its rebranding from Resident Hotels,
as it seeks to grow alongside capital partners as a specialist hotel management
platform that develops and operates prime city-center hotels. He has held
senior roles at JLL and Marriott International and most recently spent nearly
six years as hotel acquisitions director at private equity firm Castleforge.