International hospitality real estate group PPHE Hotel Group has appointed Greg Hegarty as co-CEO.
Hegarty has been with the group for 18 years in various leadership positions and was appointed as COO of the company in 2019 and deputy CEO/COO in 2020. During this time, he has held overall responsibility for creating and implementing PPHE’s operational strategies, including operations, people & culture and commercial. He was appointed an executive director of the company and joined the board in May 2023. He has almost three decades of experience in the wider hospitality sector.
Prior to joining the PPHE, Hegarty held senior management roles at recognized brands and owner/operators such as Clermont Hotel Group (formerly GLH / Thistle Hotels) and RBH (formerly Redefine BDL Hotels).
He will assume his co-CEO role alongside Boris Ivesha, the company’s long-serving president/CEO. He will manage the day-to-day running of the business as well as have a key role in defining and implementing PPHE’s long-term strategy as it continues in its current phase of growth. He will also continue to be responsible for the group’s ongoing proactive engagement with shareholders. Ivesha will continue to focus on pursuing growth and development opportunities, including concept creation, according to the company.
“I am delighted to have been appointed as co-CEO and look forward to continuing to lead the group in its long-term strategic objectives,” said Hegarty. “PPHE is in a very exciting phase of growth, building on its strong footprint of Park Plaza hotels, while also completing and opening several large pipeline projects across capital cities including London, Belgrade, Berlin, Rome and across different market segments and brands including art’otel and Radisson RED. Our continued growth is a testament to both the company’s strong corporate vision and unique business model, as well as the hard work and dedication of our teams around the world, who remain fundamental to our success and our customer proposition.”
Among the properties in PPHE’s pipeline is art’otel New York Hudson Yards, the company’s first hotel in North America.
“Greg’s appointment to co-CEO provides important additional leadership support for the group, as we deliver the latest phase of our exciting growth trajectory,” said Ivesha. “His appointment is in keeping with the group’s longstanding emphasis on promoting internal talent and intra-group mobility, and we are very proud of his progression since joining PPHE. With his breadth of experience and knowledge, Greg has made a vital contribution to the company’s success over the last decade, and I look forward to continuing to work closely with him in his new role.”