Hotel Equities (HE) has named hospitality veteran Greg O’Stean as its new chief development officer (CDO) and promoted Joe Reardon to vice chairman.
O’Stean brings more than three decades of hospitality development, investment and strategy experience to the role, having held executive leadership positions with top hotel brands and investment firms. At HE, he will lead the firm’s development platform, accelerate strategic growth initiatives and help expand the company’s global footprint.
“We’re thrilled to welcome Greg to the team,” said Brad Rahinsky, president/CEO, HE. “His proven success in driving results make him a perfect fit to build on the momentum Joe helped create.”
Reardon added, “I’m looking forward to working with Greg as we continue our growth. His reputation and relationships will not only accelerate our development goals but also help my efforts to identify and expand strategic partnerships.”
O’Stean most recently served as CEO of United Hospitality Management, where he oversaw a global portfolio of hotels across Europe and the Middle East. As CDO of HE, he will focus on identifying new development opportunities; deepening brand and owner relationships; and aligning initiatives with the company’s business goals. O’Stean shared that his passion lies in leading high-performing teams to drive company growth, while leveraging his experience to mentor others and support their career development.
“I’ve long admired the trajectory Hotel Equities has been on,” said O’Stean. “This is a company with an exceptional culture and a leadership team that knows how to grow the right way. I’m excited to get started and contribute to the next phase of expansion.”
Reardon, who has overseen Hotel Equities’ business development efforts for the past 11 years, will be fully focused on strategic partnerships as the company’s new vice chairman. His leadership style helped grow HE from a Southeast-based operator to a global hospitality firm managing more than 200 open and operating hotels, resorts and outdoor hospitality destinations.
“Joe’s legacy is one of vision, grit and heart,” said Rahinsky. “His leadership has not only helped grow our company but has also helped define our culture. Joe’s belief in doing the right thing—always—has earned the respect and trust of our team, our partners and the industry at large. His drive, passion and dedication to HE, our key stakeholders and our strategic growth initiatives during his tenure put him in a league of one. I’m incredibly grateful for his friendship and am excited to see his continued success. ”
Reardon said, “I feel honored to step into this new chapter with HE. The last 11 years have been some of the most rewarding of my career, and I’m unbelievably proud of what we’ve accomplished together. I look forward to continuing to support our mission and our people in meaningful ways, and I’m excited for what’s ahead.”
