Richard Stockton appointed CEO of Ashford Hospitality Prime

Hospitality advisory and executive search firm AETHOS Consulting Group appointed real estate executive Richard Stockton as CEO of real estate investment trust Ashford Hospitality Prime, effective Nov. 14, 2016. Before his placement at Ashford, Stockton served as president & CEO-Americas for OUE Limited, a publicly-listed Singaporean property company, and spent over 15 years working in finance and real estate.

During his 15-year investment career, Stockton worked at Morgan Stanley in real estate investment banking where he rose from an associate to managing director and regional group head of Europe, the Middle East and Africa. As co-head of the Asia Pacific Real Estate Banking Group from 2010-2012, Stockton was responsible for a team of more than 20 real estate investment bankers in Hong Kong, Singapore, Sydney and Mumbai. 

He left the firm in 2013 to become president & CEO-Americas for OUE Limited, a publicly listed Singaporean property company with more than $5 billion in assets. While there, Stockton negotiated and completed the $367.5-million acquisition of the US Bank Tower, implementing a $50-million-plus repositioning plan that resulted in SkySpace LA, the West Coast's tallest observation deck, according to the company.

FREE DAILY NEWSLETTER

Like this story? Subscribe to Operations & Technology!

Hospitality professionals turn to Operations & Technology as their go-to source for breaking news on guestrooms, food & beverage, hospitality and technology trends, management and more. Sign up today to get news and updates delivered to your inbox daily and read on the go.

Most recently, Stockton served as global COO, real estate at Carval Investors, a subsidiary of Cargill, where he developed a strategic plan for the real estate business with approximately $1 billion in investments and operations in the U.S., U.K., Canada and France. He was also a member of the global real estate investment committee at Carval, while also overseeing real estate capital formation, marketing and operations. 

Suggested Articles

The XR Event Planner places event planners, buyers and hotel sales staff in a virtual reconstruction of an event space.

The collaboration will develop full-service property-management capability that will combine with Sabre’s existing hospitality solutions.

When developing an on-property spa, hoteliers should consider what its strategic objective will be and plan accordingly.