News for the Hospitality Executive
Philipp Kainbacher has been appointed Chief Development
of Luxe Hotels and Luxe Worldwide Hotels
Los Angeles, CA (December 3, 2009) -- Philipp Kainbacher has been appointed Chief Development Officer of Luxe Hotels and Luxe Worldwide Hotels, it was announced by Efrem Harkham, CEO and Founder of the L.A.-based upscale hospitality companies. This is Luxe Hotels' latest move in its aggressive worldwide brand expansion program to provide hotel owners with a performance-driven alternative to the hotel industry's typical franchise brands.
"In this difficult economic climate, Luxe Hotels offers hotel owners a viable and affordable alternative to the strict operational requirements and underperforming sales results from the most well-known franchise brands," Mr. Kainbacher notes.
Mr. Kainbacher has over 18 years of experience in developing more than 200 hotels worldwide including acquisitions, management, securing equity and investments, and rebranding/repositioning. Prior to joining Luxe Hotels, he served as the Managing Director of PK Capital Partners, a hotel investment advisory organization. Mr. Kainbacher has also held senior management and consulting positions with Ashford Hospitality Trust, Highgate Holdings, Kempinski Hotels, and HVS. He is a graduate of Harvard University Graduate School of Arts & Sciences. In addition, he holds an MBA summa cum laude and BS cum laude from Johnson & Wales University, Providence, Rhode Island.
In his new position, Mr. Kainbacher will be involved in many activities including:
Mr. Kainbacher also notes that "There are many distressed hotels being offered by lenders, and we envision a partnership with an investor or fund on the acquisition side where we can operate as the branding partner with a selective operator in the luxury or mid-market sector to either down-brand or up-brand. A successful company in today's economic marketplace needs to adapt in order to compete in this new environment and that is exactly what Luxe is doing."
ABOUT LUXE HOTELS
Luxe Hotels is part of the global hotel organization founded by Efrem Harkham, which also includes Luxe Worldwide Hotels, a hotel marketing and reservations organization with an impressive portfolio of nearly 200 independently owned and operated, award-winning hotels in the best locations around the globe. The properties include such esteemed hotels as Canyon Ranch Tucson, Canyon Ranch Lenox, Palms Place Hotel & Spa in Las Vegas and Waterford Castle in Waterford, Ireland. Luxe Hotels has 13 offices worldwide including Los Angeles, New York, London, Paris, Milan, Madrid, Frankfurt, Buenos Aires, Mexico, Hong Kong, Tokyo, Sydney, and Mumbai.
Jane Coloccia at 609-737-2587
|Also See:||Luxe Hospitality Corp. Formed by Efrem Harkham to Serve Hospitality Markets on Five Continents/ Jan 1999|