Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.
Who are the new leaders at Noble Investment Group in 2025?
Tim Bowes and Mark Klawitter joined Noble Investment Group’s asset management team as the firm grows its institutional investment strategies. Bowes will help lead asset performance across Noble’s select-service hotel portfolio, while Klawitter will help lead execution across the firm’s branded long-term accommodations platform.
“Tim and Mark bring deep industry expertise and a performance-oriented mindset that aligns with our institutional approach to asset management,” said Steven Nicholas, Noble's managing principal and head of asset management. “Their leadership will enhance our ability to drive operational excellence and long-term value across our platform.”
Bowes most recently served at Hospitality Investors Trust, a Brookfield company and previously held roles with Crescent Hotels & Resorts and Marriott International.
During his 25-year tenure at Extended Stay America, Klawitter supported the development of its operating model through data-driven execution and direct operational leadership.
Noble recently promoted John Bianco to vice president, design and development and Ridge Slater to senior associate, investments.
Stonebridge Cos. named Rich Cortese special advisor to the Caribbean.
The move reflects the firm’s focus on the Caribbean and Latin America.
It recently opened a Miami office.
Rich Cortese is now special advisor to the Caribbean region for Stonebridge Cos. He brings more than 30 years of experience in Caribbean development, operations, and asset management to support the firm’s expansion in the region.
Cortese, who has overseen several Caribbean resort properties, previously served as executive vice president at Caribbean Property Group, managing a $750 million portfolio that included the Ritz-Carlton San Juan, Marriott Aruba, Radisson San Juan, the Normandie Hotel and a portfolio of Courtyard by Marriott properties, Stonebridge said in a statement.
Denver-based Stonebridge, founded by Chairman Navin Dimond, is led by President and CEO Rob Smith.
“Rich is an unmatched resource in the Caribbean hotel space, and we’re fortunate to have him advising our team as we continue building out our footprint in the region,” said Smith. “With my two decades of experience in the Caribbean and Marco Selva leading our luxury and resort platform, Rich’s insight and relationships will strengthen our offering to owners seeking operational excellence and regional expertise.”
Cortese’s appointment reflects Stonebridge’s focus on the Caribbean and Latin American region, the statement said. It recently opened a Miami office led by Marco Selva, senior vice president of business development and operations for luxury and lifestyle.
Selva said he looks forward to collaborating with Cortese as Stonebridge expands in the Caribbean.
“His experience and relationships in the region align with our strategy,” he said. “Together, we’ll offer owners a comprehensive approach that combines strategic insight, operations, and regional knowledge.”
Earlier in his career, Cortese led operations at the El San Juan, El Conquistador, and Conrad Plaza in Puerto Rico, and at Wyndham properties across the Caribbean.
“I’ve worked with many hotel management companies, and Stonebridge stands out for its entrepreneurial culture, hands-on leadership, and tailored approach to each property and owner,” Cortese said. “The Caribbean is a dynamic market, and I look forward to working with Rob, Marco, and the team as they bring Stonebridge’s capabilities to a broader group of owners and investors in the region.”
In June, Stonebridge named Adam Snow executive vice president and chief strategy officer to lead property strategy and performance.
By clicking the 'Subscribe’, you agree to receive our newsletter, marketing communications and industry
partners/sponsors sharing promotional product information via email and print communication from Asian Media
Group USA Inc. and subsidiaries. You have the right to withdraw your consent at any time by clicking the
unsubscribe link in our emails. We will use your email address to personalize our communications and send you
relevant offers. Your data will be stored up to 30 days after unsubscribing.
Contact us at data@amg.biz to see how we manage and store your data.
Peachtree promoted Jared Schlosser to head of originations for CRE and hotel lending.
He will work with Daniel Siegel, president and principal for CRE.
It originated $1.6 billion in CRE and hotel loans in 2024 and is on pace to exceed $2 billion in 2025.
Jared Schlosser is now head of originations for all commercial real estate and hotel lending at Peachtree Group. He will also continue to lead the firm’s Commercial Property Assessed Clean Energy lending program.
Schlosser will work alongside Daniel Siegel, Peachtree’s president and principal for CRE, who joined in 2022 and has since originated nearly $1.5 billion in commercial real estate loans.
“Jared’s promotion reflects the momentum across our credit platform,” said Siegel. “His leadership in CPACE and broader origination experience make him the ideal choice to lead this next phase of growth.”
Peachtree originated $1.6 billion in hotel and commercial real estate loans in 2024, ranking seventh among investor-driven U.S. lenders, according to the Mortgage Bankers Association. It is on track to surpass $2 billion in 2025.
Atlanta-based Peachtree is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO and Mitul Patel, principal.
Friedman said that as Peachtree expands its private credit platform, it is strengthening the team and centralizing origination to better serve sponsors across the capital stack.
“Jared has consistently demonstrated strong leadership and this expanded role positions him to help us scale our platform and deepen our impact across commercial real estate," he said.
“It’s been rewarding to help build our lending platform during a pivotal time for the industry,” Schlosser said. “I’m honored to take on this role and look forward to working with our team as we expand our reach, deliver capital solutions and build on our momentum across asset classes.”
Peachtree recently topped out its 10-story, 117-room Residence Inn by Marriott in downtown San Antonio. In May, it opened its first office outside Atlanta, in Austin, to support its growth strategy focused on Texas’ economy and commercial real estate market.
Snow will focus on corporate growth and property-level strategy.
He held strategic roles at companies such as Aimbridge Hospitality.
He said Stonebridge’s culture and focus on value creation drew him in.
Adam Snow is now executive vice president and chief strategy officer at Stonebridge Cos. In this role, he will lead strategic development, including brand alignment, corporate growth and property-level strategy.
Previously, Snow led strategic initiatives at Aimbridge Hospitality. He held similar positions at Dine Brands, The Walt Disney Company and Dell.
Denver-based Stonebridge is a privately held hotel management company founded by Chairman Navin Dimond and led by President and CEO Rob Smith.
“Adam is a bit of a unicorn; his rare blend of strategic leadership and hands-on analytics, combined with his hospitality and commercial experience, makes him uniquely qualified for this role,” said Smith. “In our industry, strategic roles have historically been confined at the board level or corporate office. At Stonebridge, we see an opportunity to change that by bringing that level of thinking directly into our properties, a move we believe is innovative and will be transformational. By fostering a strategic culture at the property level, we expect to elevate asset performance and drive the next chapter of value creation for our owners.”
Snow said Stonebridge’s entrepreneurial culture and focus on value creation drew him to the company.
“My goal is to embed strategy at the property level by integrating data, market insights and capital planning to improve performance and deliver strong results for our owners,” he said.
O’Mally Foster is the new chief people officer at Vision Hospitality Group. In this role, he will manage cultural shifts, support Vision’s purpose, promote internal advancement, track workforce metrics and align HR policies with organizational goals.
Foster, who most recently served as Vision’s senior vice president of human resources, joined the company in 2017 from The Chattanoogan Hotel, where he was director of human resources. Chattanooga-based Vision Hospitality Group is led by Founder and CEO Mitch Patel.
Foster previously held leadership roles at Noble Investment Group and Benchmark Hospitality. He supports the company’s mission through volunteer work with United Way, the American Heart Association, Chattanooga Cares and the Chattanooga Downtown Council.
“O’Mally’s promotion marks a pivotal moment in our five-year strategic plan, underscoring Vision’s commitment to our purpose: to be the best, most respected hotel company in America by putting people first, leading with purpose and delivering strong performance,” Patel said. “O’Mally’s dedication to Vision’s culture and people has been exemplary. Throughout his tenure, he has championed a workplace rooted in respect, inclusivity and purpose. His people-first mindset has driven initiatives that empower associates at all levels to grow, contribute and thrive.”
“By fostering open communication, cultivating leadership and reinforcing Vision’s core values, O’Mally has strengthened the culture and deepened the company’s commitment to enhancing lives,” Patel said. “His leadership continues to inspire a collective pursuit of excellence across the organization.”
Foster said his mission has been to champion a workplace rooted in respect, inclusivity and purpose, and that remains his focus moving forward.
“Our people are our greatest asset,” he said. “When they thrive, so does our company. As we look ahead, our strategy focuses on enhancing lives—not only for our associates and guests, but also for our investors and communities. By prioritizing people-centric leadership and aligning our culture with operational excellence, we are poised to continue elevating guest satisfaction, achieving market share leadership, and delivering strong financial returns.”
In March, Vision appointed Mary Beth Cutshall as chief growth officer to expand the company’s U.S. hotel portfolio.
Gaurav Bhushan to Chair Accor–InterGlobe India Venture
Gaurav Bhushan is the new chairman of the proposed joint venture between Accor and InterGlobe Enterprises. He is currently co-CEO of Ennismore, CEO of lifestyle and leisure brands and a member of Accor’s executive committee.
An Accor veteran, Bhushan previously served as global chief development officer, overseeing the group’s expansion from 12 to more than 45 brands and leading more than 500 hotel signings annually, the company said in a statement.
In April, InterGlobe Enterprises and Accor launched an independent platform to open 300 Accor hotels in India by 2030. The new entity serves as the exclusive growth platform for the brand’s portfolio in India, focusing on expansion and delivering hospitality experiences tailored to Indian travelers, the statement said.
“India’s hospitality sector is entering a transformative phase and this new platform is well positioned to capture its full potential,” Bhushan said. “It will be an honour to chair this venture and work with the teams at Accor and InterGlobe to drive growth and innovation for the Indian traveler.”
Meanwhile, the unified venture will adopt a new name and corporate structure and plans to introduce more Accor brands in India, according to media reports. With the consolidation, Accor plans to expand its footprint in India by volume and brand mix.
“Over the last 20 years, Accor and InterGlobe have had a strong partnership, with multiple entities owning and operating hotels,” Bhushan told The Economic Times. “Now we are consolidating all of them into a single entity, which I’m honored to chair. We intend to bring more of Accor’s brands into India, from midscale to premium, lifestyle and luxury. The entity will be asset-light but powered by the combined strengths of Accor and InterGlobe.”
Bhushan said the strategy is to tap into three key growth segments: the midscale segment, driven by brands like Ibis and Mercure in tier 2 and 3 cities; upscale growth led by Novotel and the expansion of luxury and lifestyle brands in metro and leisure markets through existing brands such as Fairmont, Sofitel and Raffles.
Bhushan also sees potential to introduce Ennismore brands like Hoxton, Mama Shelter and SLS in India, according to The Times.
“Accor’s soft and collection brands like M Gallery, Handwritten and Emblems could fill the current gap,” he said.
In April, The Ascott Ltd also announced plans to double its India inventory to 12,000 keys by 2028, up from around 5,500 units at the end of 2024, to target growth in domestic tourism.