Less than a month after acquiring Remington Hotels, Ashford has revealed several major organizational changes at the operating company. Most notably, Remington Hotels promoted Sloan Dean III from chief operating officer to CEO/president, where he takes over from Monty Bennett, the CEO/chairman of Ashford.
Other leadership changes include the promotion of Stan Kennedy from SVP of operations to chief operating officer, the appointment of Jarrad Evans as chief investment officer and the creation of a chief commercial officer role.
Following its Nov. 6 acquisition, Ashford now fully owns Remington Hotels. The management company, however, will operate 100 percent independent of Ashford and remain an entirely separate business. Remington Hotels will operate properties for various owners, not just Ashford.
“I am excited to begin this journey with Ashford, Inc. as the new owner of Remington,” Bennett said in a statement. “And, I am thrilled to hand over leadership of the company to Sloan Dean as chief executive officer and president. Sloan has done a fantastic job guiding Remington forward as chief operating officer over the past two years, implementing numerous operational enhancements, continuing to outperform the market, and shifting the company’s culture to be more engaging and empowering of its associates.
Remington Hotels, founded in 1968, operates 86 hotels in 26 states. Ashford provides global asset management, investment management and related services to the real estate and hospitality sectors.