Sbe, a lifestyle hospitality company that develops, manages and operates international hospitality brands, appointed Siddharth Narang as chief development officer. Narang's arrival marks the company's latest senior hire as it continues its push for global growth over the next few years.
Narang will play a strategic role at sbe, driving sbe's development pipeline, real estate investments and growth globally. He and his team will partner with owners and developers to grow sbe's footprint in markets throughout the U.S., Middle East, Europe, Asia and Latin America.
"After knowing Sid for several years and following his career with great interest, I'm thrilled to have him join our top team of forward-thinking individuals as we expand and diversify our business," Sam Nazarian, founder and CEO of sbe, said in a statement. "With his strong background in complex deal structuring and real estate strategies, Sid will be an incredible addition, acting as the architect of our development strategy going forward."
"I am delighted to join sbe and its leadership team to help build on the solid foundation the company has developed in lifestyle hospitality over the years," Narang said in a statement.
With nearly 20 years as a senior business executive in hospitality real estate and brand development, Narang has held deal making roles with Crescent Capital Ventures and Starwood Hotels and Resorts Worldwide. During his time at Starwood, Sid was one of the architects of growth across the business and closed more than 20,000 keys representing more than $8 billion in real estate transactions. Additionally, Narang led Starwood's portfolio management function overseeing real estate strategies and dispositions. He has previously lived in Asia and Europe, and has been a frequent speaker at events held at the United Nations, Cornell Hotel School and other industry forums. He holds a master's degree from Cornell University.
Narang joins sbe following a year where the company added four hotels, 19 restaurants, and six lounges to its portfolio. In 2018, sbe has plans to open the SLS LUX Brickell, sbe's second SLS Hotel & Residences to open in the Miami area, along with a Katsuya and SBar (Summer 2018), and Hyde Hotel & Residences Midtown, Miami (fall 2018). Additionally, the company has a pipeline of 60 restaurants and lounges, with an estimated 24 restaurants and lounges to be included in the company's hotel pipeline.