Cycas Appoints Matt Luscombe as Company’s First CEO

/Cycas Appoints Matt Luscombe as Company’s First CEO

Cycas Appoints Matt Luscombe as Company’s First CEO

|2019-02-12T13:55:07+00:00February 12th, 2019|

Cycas Hospitality has positioned itself for its next stage of growth with the appointment of Matt Luscombe as Chief Executive Officer. Matt is set to join the business in March, based from Cycas’s head office in Amsterdam, where he will become the hotel management company’s first CEO since it was co-founded in 2008 by Eduard Elias and John Wagner.

The appointment follows significant expansion for Cycas, having welcomed three new brands in 2018 and doubled its portfolio in the process. In the last year alone Cycas has expanded into Belgium, France, Germany and the Netherlands, and last autumn the fast-growing company announced six new senior hires to support its ambitious European growth plans to have 10,000 rooms across Europe by 2022.

Matt brings nearly 20 years of hospitality and consumer experience, including ten with InterContinental Hotels Group (IHG). During his IHG career, Matt held several senior leadership positions, most recently as Chief Commercial Officer for Europe where he was responsible for building the company’s hotel and loyalty brands. Prior to that he spent five years heading up IHG’s franchise business across Europe and Africa, working with Cycas Hospitality and leading the hospitality industry’s first Olympic partnership by Cycas’s dual-branded property in London Stratford City. He joins Cycas from Coles Group, one of Australia’s leading retailers, where he was General Manager.

In his newly-created role, Matt will be responsible for steering Cycas through the next phase of its ambitious growth plans, which will see the business triple in size and boost its presence across Western Europe. He will work closely with the co-founders and Cycas’s executive leadership team to further strengthen the company’s operations across the UK and mainland Europe. Eduard Elias and John Wagner will both remain active in the company’s strategic leadership through positions on its board, alongside Cycas investors Huakee.

Matt Luscombe, Chief Executive Officer of Cycas Hospitality, said: “Cycas is a true innovator in the hospitality sector and a business that over the last decade I’ve watched grow into a significant European hotel management company.

“While at IHG I always admired Cycas’s deliberate focus on employees and company culture, and saw first-hand how its distinctive approach successfully translated into happy, loyal guests and delighted business partners. To join at such a pivotal moment in the company’s inspirational journey is a privilege and, as CEO, I look forward to helping Cycas roll out its award-winning concept further.

Eduard Elias, Co-founder of Cycas Hospitality, said: “Cycas has come a long way since we pioneered the branded extended-stay concept in the UK in 2008 and opened London’s first double-decker hotel in 2012. This is an exciting time for us and the right opportunity to enhance the way Cycas operates.

“With an expanded team in place, unrivalled partnerships with some of the world’s most successful hotel groups and our first CEO at the helm, we look forward to Cycas Hospitality achieving even more record results over the coming years.”

John Wagner, Co-founder of Cycas Hospitality, said: “Matt is no stranger to Cycas, having worked closely with us throughout his time at IHG. Critically, we know that he is a great culture fit for the business, sharing our values, passion and belief that hospitality success is underpinned by distinctive and memorable service.

“Our goal at Cycas has always been to make our hotels the best places to work as well as stay. We’re therefore confident that appointing Matt to lead the company will ensure Cycas is in the best possible position to drive our next phase of growth and are delighted to welcome him to our team.”

Matt will take over his new role from 1 March 2019 and will also be attending the International Hotel Investment Forum (IHIF) in Berlin from 4-6 March on Cycas Hospitality’s behalf.

About Cycas Hospitality

Founded in 2008, Cycas Hospitality is a hotel management company operating across both the extended-stay and mainstream hospitality sectors.

With a total of 3,708 suites and rooms open or under development across 23 city centre hotels, 14 are open and 10 are dual-branded properties. These cover the UK (London, Liverpool, Manchester, Newcastle) and mainland Europe (Amsterdam, Brussels, Frankfurt, Paris, Rouen).

Following investment from the family-owned Huakee Group, Cycas plans to grow its portfolio to more than 10,000 guest rooms by 2022.

Having pioneered the branded extended-stay concept in Europe, with spacious hotel apartments that combine the flexibility of home with classic hotel services, just over half (13) of its 23 properties are aparthotels.

Cycas remains London’s leading operator in this field and a partner of choice for major global hotel franchise brands plus international investors. In Europe, Cycas is the largest extended-stay operator for IHG’s Staybridge Suites brand and Marriott’s Residence Inn, and helped develop the dual-branded hotel concept in the region for each company. It is also bringing Hyatt’s first dual-branded property to Europe, with the first extended-stay property at Paris Charles de Gaulle Airport.

Cycas delivers a combination of expertise in hotel operations, property development and asset management. With the philosophy that “our job is not over until we get a smile” and winner of the Cateys 2018 ‘Best Employer’ award, its overarching goal is to be one of the best hospitality employers in the market, making its hotels the best places to work as well as stay.

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Contact: Suzanne Seyghal (0)7967 978 911

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