Alpharetta, Georgia-based hotel owner, operator and developer Hotel Equities named company veteran Aik Hong Tan chief investment officer.
Tan assumes the role after most recently serving as a principal for Greenwood Hospitality, which joined Hotel Equities through a strategic partnership in March 2022. Tan, who has more than 25 years of experience working in the hospitality and finance sectors, will retain his principal position, according to Hotel Equities.
As chief investment officer, Tan will partner with Hotel Equities Chief Development Officer Joe Reardon to lead the company’s investment strategy and grow its portfolio. Hotel Equities’ portfolio spans approximately 300 hotels in the U.S. and Canada, 30 of which were added with the Greenwood alliance.
Tan will oversee strategic investments, feasibility, acquisitions and financial planning to “ensure the continued growth and success of Hotel Equities and its stakeholders,” according to the company.
“Aik’s exceptional leadership and strategic vision have been instrumental in HE’s success from day one of our strategic partnership with Greenwood,” Hotel Equities CEO Brad Rahinsky said in a statement. “His expertise will be invaluable as we continue to grow, innovate and identify ways we can better serve our clients.”
The appointment of Tan to chief investment officer comes less than a month after Hotel Equities named Eric McCarthy-Zink CFO. Hotel Equities also made three senior leadership changes in late May, promoting David Rosenberg and Peter Tziahanas to executive vice president of operations and appointing Toi Brown as senior vice president of human resources.
The executive leadership team shakeup represents Hotel Equities’ “ongoing commitment to developing internal talent,” according to Chief Operating Officer Bryan DeCort.
