Planning Europe growth, Cycas adds to finance team

Peter Habelitz brings more than 15 years’ commercial finance experience to his new role. Photo credit: Cycas Hospitality

As Amsterdam-based Cycas Hospitality’s expansion across Europe continues to gather pace, the hotel management company has appointed a new chief financial officer as well as three additional positions to its finance leadership team.
 
Peter Habelitz has joined Cycas Hospitality’s executive team as CFO with additional responsibility for information technology, bringing more than 15 years’ commercial finance experience to the role. He joined the team from Penta Hotels where, as VP of finance, he led the hotel group’s financial function and helped improve performance while helping to navigate Penta’s M&A activities. Prior to that, Habelitz spent three years leading the global financial planning and analysis function for Lufthansa AirPlus Group and eight with Deloitte Germany, coordinating their financial audits and supporting their transaction services.

“Peter’s experience of leading the finance department for a large, pan-European hotel business is a perfect fit as Cycas continues to grow its European footprint,” said Cycas CEO Matt Luscombe. 

Related: Cycas Hospitality names new leadership

Additional new financial recruits to Cycas’s Amsterdam-based team in recent months include Gustav Tuvesson as director of finance for hotel operations, Miyo Okuda as development & corporate finance manager and Kateryna Blom as consolidation controller. These appointments add four nationalities and eight languages to Cycas’s finance team.
 
“With the right leadership now in place, we can accelerate our strategy to build a best-in-class finance, technology and business intelligence capability that delivers even greater value for our hotels and owners,” Luscombe added.