Hotel Equities appointed 30-year hospitality industry veteran Greg O’Stean as its new chief development officer, the company announced Tuesday.
O’Stean joins the Alpharetta, Georgia-based hotel owner, operator and developer from United Hospitality Management, where as CEO he oversaw a global portfolio of hotels across Europe and the Middle East, according to Hotel Equities.
Prior to his stint at United Hospitality Management, O’Stean was chief development officer at Aimbridge Hospitality as well as Interstate Hotels & Resorts, according to his LinkedIn. He also previously held leadership positions at Starwood Hotels & Resorts, IHG Hotels & Resorts and Loews Hotels.
In his new role, O’Stean is tasked with leading Hotel Equities’ development platform, accelerating strategic growth initiatives and expanding the company’s global footprint, which currently spans 200 hotels, resorts and outdoor hospitality destinations across the U.S., Canada, the Caribbean and Latin America.
O’Stean succeeds Joe Reardon, who will shift to focus on strategic partnerships as vice chairman.
“I’m looking forward to working with Greg as we continue our growth,” said Reardon, who led Hotel Equities’ business development efforts for the past 11 years, in a statement. “His reputation and relationships will not only accelerate our development goals but also help my efforts to identify and expand strategic partnerships.”
Last month, Hotel Equities inked a strategic partnership with Arkansas-based Pinnacle Hotel Group. Effective May 1, Pinnacle’s portfolio and development pipeline will be integrated into Hotel Equities’ management platform.
O’Stean’s appointment comes after Hotel Equities named Eric McCarthy-Zink CFO and Aik Hong Tan chief investment officer last year.
