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Appointment General Management

Gustavo Sarago has been appointed as Chief Development Officer at Lotte Hotels & Resorts

Lotte Hotels & Resorts ("Lotte") welcomes Gustavo Sarago to the newly created role of Chief Development Officer, Americas.

LOTTE Hotels & Resorts
New York, New York, United States
Gustavo Sarago

Sarago joins Lotte from AIG Global Real Estate Investments where he was Senior Vice President, Head of Hospitality and Leisure Group. At AIG, Sarago was responsible for the sourcing, execution and oversight of a diversified portfolio of hotel investments across North America. At Lotte, Sarago will be responsible for growing Lotte's collection of lifestyle and luxury brands—Lotte, L7 and Signiel— throughout the Americas with a focus on gateway cities, tech centers and iconic resort destinations.

Lotte currently owns and operates three hotels in the Americas ­Lotte New York Palace, Lotte Hotel Seattle and Lotte Hotel Guam. In early 2022, Lotte purchased a property in Chicago, which it is currently converting to L7­­—­Lotte's lifestyle brand. L7 Chicago is expected to open in 2023. Lotte Hotels & Resorts is targeting to grow its footprint by twenty-five properties over the next five years throughout the Americas.

Sarago is a graduate of the School of Hotel Administration at Cornell University and resides in the New York City area.

Gustavo Sarago is an alumnus of Cornell | Nolan School of Hotel Administration .

General Management USA & Canada United States New York New York
LOTTE Hotels & Resorts
Other

LOTTE Hotels & Resorts, the largest hotel group in Korea, is expanding beyond Asia to become a global brand. We aim to be a lovemark that deeply moves the hearts of our guests with consistent quality of services and facilities in all LOTTE chain hotels across the world. For our guests who pursue a balanced lifestyle and know the value of refinement, LOTTE Hotels & Resorts provides caring services and stylish, modern and comfortable rooms.