Denihan Hospitality Group Announces Executive Leadership Changes
operates boutique hotels in major US markets, has announced that it will restructure the current organization of the Company into two independently operated business units, resulting in several changes at the executive level.
decision to restructure was made after months of a very detailed strategic planning process that considered a broad spectrum of criteria critical to Denihan's future, including growth and customer strategy, brand positioning and financial performance.
"Through a very robust examination of our Company strategy and current position in the marketplace,we have recognized that we have operated two very different types of businesses under the Denihan umbrella", said Denihan. "As a result of this process, we concluded that a new Company structure would be necessary to make us a more nimble organization as we move forward with our aggressive plans for growth."
Effectively immediately, Denihan will now be operated under two distinct business units:
- Denihan Hospitality, with Barrett as CEO, will focus on the management of The James and Affinia brands and the Company's portfolio of independent, affiliated boutique hotels.
- Denihan Investments, led by Denihan as CEO, will make financial investments in hotels with other partners and secure new management contracts for Denihan Hospitality that fit into its overall business growth strategy.
As a result of this new structure, David Duncan, president of Denihan Hospitality Group, moves to therole of advisor to the Company, assisting with this transition and special projects moving forward.
"We are enormously thankful for David's support over the last 10 years", said Denihan. "He has beenan integral force in helping us build Denihan into a nationally recognized leader in the boutique hotel investment and management business".
"During his tenure, David has played a key role in driving excellence in hotel performance," addedBarrett. "Under his direction, we have gained a significantly larger footprint, distinctive brand offerings and strong hotel management capabilities".
Denihan's restructuring comes on the heels of its recent announcement of its plans to invest in andmanage The James Los Angeles in West Hollywood, Calif., the Company's first hotel on the US west coast, scheduled to open in 2016.
About Denihan Hospitality Group
Denihan Hospitality Group is a privately-held, full-service hotel management and development company that owns and/or operates 14 boutique hotels in major urban markets in the U.S. Over the past 50 years, the Denihan family has built a world-class lodging investment platform within the boutique hotel space, creating value by acquiring, repositioning and managing independent hotels.
The Denihan portfolio includes properties operating under The James and Affinia Hotels brands, as well as Manhattan luxury independents, The Surrey and The Benjamin, and additional independent affiliates in New York City. Denihan"s hotels also include an impressive list of high profile chef-driven restaurants and bars.
The company"s uniquely guest-centric approach, refined through three generations of Denihan leadership, has made it an industry leader in hospitality, property and restaurant development, as well as hotel operations, management and marketing.
More details can be found at http://www.denihan.com.