Change in leadership at De Vere Hotels: Tony Troy resigns as CEO
Wednesday, January 26, 2022
De Vere and Tony Troy have announced that Tony will step down from his role as CEO at the end of the month, to pursue opportunities in private equity as well.
Mr Troy will continue to assist De Vere in his role as a non-executive director. Troy supported and helped to establish the Principal Hotel Company to support Starwood Capital's strategic plan.
Cody Bradshaw, Director, Global Head of Hotel Asset Management at Starwood Capital, said: "Eight years ago, we embarked on an investment strategy aimed at consolidating more than 50 hotels across four different UK hotel companies to form a leading platform.
Through Tony's expert knowledge of the industry and his great entrepreneurial skills he made a significant contribution to the overall success of the strategy.
In 2018 the principal portfolio was sold to Covivio. Initially it was agreed Troy would remain for a time, to facilitate the transition from the remaining De Vere group to a fully-fledged group.
Due to the pandemic, he decided to continue offering strategic guidance and help.