The Kessler Collection has appointed hospitality real estate veteran Phil Wade to the new role of chief investment officer. In his new role, he will draw upon his prior experience working in both private equity and public REITs to help guide strategic leadership decisions, deal sourcing, closing transactions, asset management, contract negotiation, forecasting and investor relations.

“I am excited Phil has joined our executive team to assist me with our growth plans and strategy primarily throughout the South,” said Mark Kessler, president/COO, Kessler Collection Design and Development. “His breadth of experience and connections in the industry will be beneficial to continue the success and expansion of our Grand Bohemian brand and other Kessler hospitality developments

With 25 years of experience evaluating and investing in hospitality and related assets throughout North America, Wade has completed more than $15 billion in real estate transactions to date across a full spectrum of hospitality from luxury resort complexes to small historic Victorian bed & breakfasts.

Having known the Kessler family and its signature Grand Bohemian brand for more than 20 years, Wade had been instrumental in his role as chief investment officer of Xenia Hotels & Resorts in forming an acquisition and development partnership with the Kessler Collection in 2012. He previously served as principal of hospitality investment and advisory platform New Vicennium LLC

“Like many travelers across the Southeastern U.S., my family has been a loyal customer and enthusiastic fan of Richard Kessler’s distinctive boutique lifestyle hotels,” said Wade. “His visionary collection launched the globally successful Autograph Collection with Marriott in 2010, sparking a tidal wave of lifestyle collection brands that followed. As CIO, my goal is to help carry on that legacy of creativity and innovation by exploring new partnerships and concepts to captivate the hospitality space again.”

The post Kessler names Phil Wade chief investment officer appeared first on hotelbusiness.com.

This post was originally published on this site