USA: Acquisition, development and management company Valor Hospitality Partners appointed chief capital officer Steve Cesinger and chief investment officer and global principal Brandon Hatfield.
Valor’s global co-founder and chief investment officer Steve Cesinger will assume a new role as chief capital officer.
Cesinger said: “I am excited to take on this dedicated role to further expand our capital relationships going forward. With Valor’s global footprint, strong access to deal flow and proven track record of underwriting and executing hotel investments, we are extremely well-positioned to help our partners deploy capital in attractive markets worldwide. We are leading the way in synergies across geographies and Valor’s unique market intelligence provides our capital partners with a distinct advantage to help execute their investment strategies.”
Global principal and chief financial officer Brandon Hatfield will take over the role as chief investment officer and global principal. He will establish a team responsible for assisting Valor’s global co-founder and chief executive officer, Euan McGlashan, to double the size of the company’s portfolio around in the world in the next three to five years.
Hatfield said: “After working the last 10 years to help build a strong global team at Valor, I look forward to building on our existing foundation and growing the Valor portfolio. It is an honour to be trusted to drive that growth over the next five years.”
The group currently operates more than 90 hospitality projects in 59 cities across six countries.