Yotel, the 23-property hotel chain known for its compact guest rooms, has named former Marriott International executive Phil Andreopoulos as its new CEO, the company announced Monday.
Andreopoulos worked at Marriott for nearly 25 years, most recently as chief commercial officer of Marriott’s Europe, Middle East and Africa region.
Andreopoulos “brings a wealth of commercial and operational experience and under his leadership, Yotel will enhance its distribution, direct business contribution and loyalty proposition,” Yotel and Al-Bahar Group chairman Talal Al Bahar said in a statement. “He will also drive expansion of both the managed and franchise businesses in key markets.”
The Al-Bahar Group, a Kuwaiti investment firm, is Yotel’s majority shareholder and earlier this year increased its stake to more than a 95 percent share after acquiring Starwood Capital’s 30 percent stake.
Andreopoulos replaces as CEO Hubert Viriot, who had served in the position since 2014 and will remain with Yotel as vice chairman. Viriot in a statement posted on LinkedIn said Andreopoulos would be “the perfect leader to guide Yotel as we pursue our ambitious goal of doubling our portfolio in the next five years.”
Yotel has 23 properties in 16 cities in the U.S., Europe and Asia, and said it has 11 properties in the development pipeline due to open within the next two years.
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