NEW YORK (August 25, 2016) – Loews Hotels has announced the appointment of Greg O'Stean as Chief Investment Officer. Drawing on nearly three decades of leadership experience in commercial real estate, including hotel development and acquisitions, O'Stean will oversee Acquisitions and Development, Asset Management and Owner Relations for the company's three brands, Loews Hotels & Resorts, Loews Regency and OE Collection.
As Chief Investment Officer, his role is to understand, manage and monitor the company's portfolio of assets, devise strategies for capital and growth, act as the liaison with investors and recognize and manage risk.
"We're thrilled to have Greg join our executive leadership team as we further accelerate Loews Hotels' growth," said Kirk Kinsell, CEO of Loews Hotels. "Greg's background will allow the company's three brands to continue thriving as we turn our attention to new opportunities in emerging markets, attract more third party capital, compete and win more management contracts and deliver even higher returns for owners."
O'Stean joined Loews Hotels from Carlson Rezidor Hotel Group, where as Chief Development Officer he drove growth for all brands across the Americas region, which includes almost 700 hotels and more than 70,000 rooms.
Previously, he served in leadership positions for Piper Jaffray & Company, Access Point Financial, Inc., GE Capital, and Starwood Hotels & Resorts Worldwide. O'Stean also previously worked in development and real estate with both Holiday Inn Worldwide and Ernst & Young.
O'Stean holds an MBA and a Bachelor of Science degree in industrial management from the Georgia Institute of Technology. He sits on the board of Orphaned Starfish Foundation, a New York-based nonprofit that supports over 10,000 children in 50 orphanages across 25 countries.