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Appointment Sales & Marketing

Martin Kandrac has been appointed as VP, Real Estate & Development at FRHI Hotels & Resorts

FRHI
Zurich, ON, Switzerland
Martin Kandrac
FRHI Hotels & Resorts, the leading operator of Raffles Hotels & Resorts, Fairmont Hotels & Resorts and Swissôtel Hotels & Resorts, has announced the appointment of Martin Kandrac as executive vice president, real estate & development. Based in Zurich, Kandrac will be responsible for all aspects of FRHI's real estate and development activity worldwide, including regional offices in the Americas, Europe, Asia, and the Middle East. As part of this role, Kandrac will also have oversight of FRHI's residential and design and construction teams. Kandrac's appointment comes as FRHI merges its development and real estate functions, a shift that supports its ongoing growth plan to invest in strategic hotel real estate ventures. The company has embraced a steady, aggressive pace of expansion, opening new properties in strategic markets worldwide, with a focus on leading economic centers, major gateway cities and sought after resort locales. On track to welcome a number of new hotels in 2014, including the September 2014 opening of Raffles Istanbul, the company is projecting 50% growth over the next five years. Kandrac brings to his new role over 17 years of international hospitality real estate experience in the United States, Asia and Europe. He joins FRHI from his most recent position as managing director, real estate in the London office of Mount Kellett Capital Management. Prior to this, Kandrac spent 12 years with Blackstone Real Estate as head of European Hotels. He also held progressive positions with Goldman Sachs and Starwood Hotels & Resorts. Kandrac is a graduate of Cornell University, School of Hotel Administration and also holds a Masters of Business Administration degree from Harvard Business School.

Martin Kandrac is an alumnus of Cornell | Nolan School of Hotel Administration – Class of 1996.

Sales & Marketing Europe Switzerland Zurich
FRHI
Hotel Group

Three distinct brands, Fairmont, Raffles and Swissôtel, have combined to provide the world's finest accommodations for discerning travelers - giving our customers easier access to more destinations. Elegant accommodations and impeccable service in the world's finest destinations are elements that all of our brands share. However, our three brands also maintain their identities and traditions: Fairmont as a landmark presence integrated into...