Remington announced that Jarrad Evans has joined the company in the newly created position of chief investment officer. Evans will lead the strategic growth, development and investment initiatives for Remington’s growing portfolio of third-party managed independent, soft-branded and hard-branded hotels and resorts.
Evans is a hospitality industry veteran and most recently served as SVP of business development and strategy for Benchmark, a global hospitality management firm, where he leveraged his industry relationships to drive company growth.
"Jarrad brings 20 years of experience in leading development teams, and I know that he will bring tremendous value as we strengthen our focus on growth through third-party management. At Remington, we strive to be the best management company, not the biggest. Remington combines size with customized individual service to our owners," said COO Sloan Dean.
In early June, Ashford announced that it had signed a definitive agreement to acquire the hotel management business of Remington. The transaction is expected to close sometime in the fourth quarter of 2019, subject to required approvals.