Olive Tree Holdings Launches Hospitality Group, Earmarks $500M for Investment in Hotels
Led by former Holiday Inns, Inc. CEO Ken Hamlet, Olive Tree Hotels & Resorts will target value-add investment opportunities in hotel portfolios across the U.S.
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New York-based real estate investment firm Olive Tree Holdings today announced the launch of Olive Tree Hotels & Resorts, a fully integrated hospitality group focused on the acquisition and strategic repositioning of hotels across the U.S. The company has enlisted hospitality industry veteran and former Holiday Inns, Inc. CEO Ken Hamlet to serve as Chief Executive Officer of the new venture, which will invest over $500 million of equity capital over the next three years in select-service hotels and opportunistic full-service assets.
Ex-Holiday Inns boss to lead new $500M hotel fund
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