News for the Hospitality Executive
|TORONTO, May 17, 2007 - In an effort to support its growing
penetration in Europe, Fairmont Hotels & Resorts has announced the
appointment of two Regional Vice Presidents. Taking on new responsibilities
within the company are Ingo Peters who has been promoted to the
position of Regional Vice President and General Manager, Fairmont Hotel
Vier Jahreszeiten, Hamburg and Xavier Rugeroni who has joined the
group in the capacity of Regional Vice President & General Manager,
Fairmont Monte Carlo.
With more than 25 years of experience, Peters joins Fairmont Hotels & Resorts from sister brand Raffles Hotels & Resorts. In his new role, Peters will oversee the day-to-day operations of Fairmont Hotel Vier Jahreszeiten, while also supervising the activity at Fairmont St Andrews, Scotland and Fairmont Le Montreux Palace, Switzerland. Over the course of his career, Peters has held a series of progressive management positions with other hotel brands including The Westin Hotel, Copley Plaza Boston, Ritz Carlton, Philadelphia, Ritz Carlton, Laguna Niguel, California, and the Mandarin Orientalís Phuket Yacht Club, Thailand and Jakarta, Indonesia.
A new addition to Fairmontís management team, Rugeroni most recently served as the Area General Manager at the Le Meridien, Southern France & Monaco. As Regional Vice President & General Manager, Fairmont Monte Carlo, Rugeroni joins Fairmontís famed hotel on the Côte d'Azur as it prepares to unveil an extensive 42 million euro refurbishment this July. Adding to his duties, Rugeroni will also be responsible for Fairmontís resort collection in Kenya, which the company anticipates branding late 2007 following extensive renovations. Brining over 25 years of experience to his new position, Rugeroni has held various roles over the course of his career including General Manager, The Compleat Angler Marlow Buckinghamshire, U.K., General Manager, The Westbury Hotel Bond Street, London, and General Manager, Le Meridien Penina Golf & Resort Hotel, Algarve, Portugal.
With the opening of the landmark Fairmont San Francisco in April 1907, one of the world's leading luxury hotel brands was born. For over a century, Fairmont Hotels & Resorts has offered warm hospitality and timeless elegance in unforgettable locations. Throughout 2007, our 50 distinctive hotels in 10 countries, from fabled castles to secluded lodges and modern retreats, will celebrate a centennial of rich experiences and lasting memories. Committed to growing its portfolio of world-class hotels, which includes The Fairmont Banff Springs and London's Savoy, Fairmont will soon reflag four hotels in Kenya and anticipates the re-opening of New York's famed Plaza Hotel. Future Fairmont Hotels & Resorts also include locations in Cairo, Abu Dhabi, Vancouver and South Africa. Fairmont Raffles Hotels International operates over 120 hotels worldwide under the Fairmont, Raffles, Swissôtel and Delta brands, as well as vacation ownership properties managed by Fairmont Heritage Place.
|Also See:||Hotel Capitalization Rates Continue Record-Breaking Decline / USRC Winter 2007 Hotel Investor Survey / February 2007|
|Hotel Capitalization Rates Remain Aggressive But Demonstrate Some Moderation / USRC Mid Year 2006 Hotel Investor Survey / August 2006|
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