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.
Sanovnik Destang, CHTA president, won the Outstanding Hotelier Award from AAHOA and NABHOOD.
The award will be presented July 23 at the Hilton Awards Luncheon during the 29th Annual African American Hotel Ownership & Investment Summit.
Destang is executive director and shareholder of Bay Gardens Resorts in Saint Lucia, founded in 1995 by his mother, Joyce Destang.
Sanovnik Destang, president of the Caribbean Hotel and Tourism Association, won the Outstanding Hotelier Award from AAHOA and the National Association of Black Hotel Owners, Operators & Developers. This is the first time a Caribbean hotelier will receive the award.
It will be presented on July 23 during the Hilton Awards Luncheon at the 29th Annual International African American Hotel Ownership & Investment Summit & Trade Show.
“Thank you all once again for putting your faith in me and my generation,” Destang said. “Being CHTA’s first president born in the 1980s, I fully understand the responsibility ahead of me. I’m ready to lead, but more importantly, I’m ready to serve. My focus areas will be people, technology and building stronger connections across our economies and communities.”
The award recognizes hospitality leaders for leadership, innovation and commitment to community empowerment and industry opportunity, CHTA said. Recipients demonstrate vision, dedication and the ability to improve hotel performance and community impact.
In 2024, Destang was appointed CHTA president. He entered the Caribbean hospitality sector in 2012 and now focuses on workforce development, technology adoption and cross-sector linkages, according to the association. He is also executive director and shareholder of Bay Gardens Resorts in Saint Lucia, founded in 1995 by his mother, Joyce Destang.
Bay Gardens operates four hotels, with a fifth under construction and scheduled to open in winter 2026. A Chartered Accountant and Chartered Financial Analyst, he has led the company’s growth.
In May, Greg Friedman, managing principal and CEO of Peachtree Group, was named to the 2025 GlobeSt. Rainmakers in CRE Debt, Equity & Finance list and Commercial Observer’s Power Finance list.
Ranju Alex, Marriott International’s South Asia VP, received the Bharat Gaurav Award 2025.
The award, by the Bharat Gaurav Award Foundation, honors outstanding achievements by Indian nationals.
She joins past recipients including Sri Sri Ravi Shankar, Indra Nooyi and Gaur Gopal Das.
Ranju Alex, regional vice president for South Asia at Marriott International, received the Bharat Gaurav Award 2025 at the British House of Commons in London. The award recognizes her work in advancing diversity, inclusion and gender equity in the Indian workplace.
The Bharat Gaurav Awards serve as a platform to recognize and celebrate the achievements of Indian nationals who have left an indelible mark on their respective fields, according to the award’s website.
Alex has more than 30 years of industry experience and leads Marriott’s South Asia expansion, said the organisers, Bharat Gaurav Award Foundation. She launched Project Pranita, an initiative to increase women’s representation in leadership through mentorship and upskilling. She has also led employee-driven programs to promote cultural diversity and integrate persons with disabilities into Marriott’s workforce.
“This is not just a personal milestone but a celebration of our collective commitment at Marriott to build workplaces where everyone belongs,” Alex said while accepting the award.
Alex joins past Bharat Gaurav Award recipients including Sri Sri Ravi Shankar, Indra Nooyi and Gaur Gopal Das. In a separate LinkedIn post, Alex said being recognized on a global platform that has honoured Indra Nooyi, Sri Sri Ravi Shankar, and Gaur Gopal Das is humbling and a moment she will always value.
“This recognition is not just mine; it belongs to every team I’ve worked with, every mentor who believed in me, and every challenge that taught me resilience and grace,” she wrote. “As someone who has always believed in the power of purposeful leadership, it’s heartening to know that the work we do across borders, across cultures, can resonate beyond corporate corridors. This recognition is a tribute to the incredible people and places that have shaped me.”
Ventive Hospitality, a unit of Pune-based Panchshil Realty, recently entered into management contracts with Marriott International for seven hotels totaling 1,548 rooms across India and Sri Lanka, all set to open in 2030.
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Greg Friedman and Peachtree Shine in 2025 CRE Finance Rankings
Greg Friedman, Peachtree Group's managing principal and CEO, is among the honorees on the 2025 GlobeSt. Rainmakers in CRE Debt, Equity & Finance and Commercial Observer’s Power Finance lists.
The Rainmakers recognize Friedman’s role during a challenging period in commercial real estate finance, while Power Finance affirms his influence and adaptability. He has led Peachtree's vertically integrated management platforms amid elevated interest rates, tightening capital markets and declining valuations, Peachtree said in a statement.
“These recognitions are a testament to Greg’s vision and our entire team’s commitment to being a steady force in an unpredictable market,” Jatin Desai, Peachtree's managing principal and CFO. “Our strategy has always centered on disciplined investing, innovation, and building strong relationships. Greg has set the tone.”
The Atlanta-based firm is led by Friedman, Desai and Principal Mitul Patel.
Peachtree remained a consistent partner under Friedman’s leadership, the statement said. His strategy has helped stakeholders unlock value, access liquidity and respond to market dislocation. As lenders pulled back and transactions slowed, Peachtree continued to deliver capital solutions—originating loans, forming strategic partnerships, and operating across the capital stack.
The company has executed more than $12 billion in commercial real estate transactions since inception. Its integrated platform combines real estate, credit, and capital markets expertise, enabling the firm to identify opportunities, deploy capital efficiently and manage risk across cycles.
It recently launched the 114-key Residence Inn Ocean Township on the Jersey Shore, its eighth DST offering since 2022.
CLIC 2025 Hotel Development Award: Red Roof & Fairmont Recognized for Excellence
The 73-room Red Roof Inn—Hometown Studios by Red Roof Ridgecrest and the 50-room Fairmont Breakers Long Beach in California won the Lodging Econometrics/California Lodging Investment Conference 2025 Hotel Developments of the Year Award. The hotels were recognized in the select-service/extended-stay and luxury hotel categories, respectively.
Craig Sullivan, CLIC’s founder and president, and Bruce Ford, LE’s senior vice president and director of global business development, will present the awards during the opening session of the conference on March 5 to 6 at the Westin Long Beach, CLIC and LE said in a joint statement.
For Red Roof properties, the brand collaborated with an established franchisee to repurpose an aging asset, bringing two new hotel products to a growing market.
“The Red Roof and HomeTowne Studios represent a welcomed reimagination of the property,” Ford said. “We often see these succeed and become a win-win for both the brand and ownership.”
The nearly 100-year-old Fairmont Breakers Long Beach was completely renovated and updated, the statement said. The building began as a hotel before converting to assisted living. New owners saw unrealized value in the asset and location and reconverted it into a hotel.
“The Fairmont Breakers Hotel has been restored to its former glory after exiting the industry about 40 years ago,” Ford said. “This is a one-of-a-kind development!”
Meanwhile, CLIC is offering a final discounted registration of $650 through March 4, while on-site registration is $750.