Real estate firm recruits investment expert for Sydney hotels - TOPHOTELNEWS

by Clare Nicholls | 08 Sep 2022 | Appointments, People
Real estate company CBRE Hotels has expanded its operation with the appointment of a new director in its Sydney-based capital markets team.
Industry expert Ritika Diwan is taking on the role, with the investment and asset management specialist entering the Australian market armed with more than 15 years of experience in the hotels sector in India.
Diwan has spent the past nine years with SAMHI Hotels, one of the largest institutional hotel real estate platforms in India, with a focus on investment appraisal and valuation, acquisitions and divestments, investment management and asset management across hotels and resorts.
She earlier worked within McKinsey & Company’s business research division, developing recommendations to support clients in their decision-making processes.
CBRE Hotels MD Michael Simpson said: “With extensive experience in acquisitions, asset management, financing and divestment for hotels and lodging assets, we’re thrilled to have Ritika as part of our diverse and growing team.
“This appointment will reinforce our ability to provide a market-leading service offering to our clients in the hotels brokerage and advisory sector, where we envisage considerable future opportunities.”
Diwan herself added: “I’m delighted to be part of the dynamic team at CBRE. With my experience of executing transactions and managing assets in the hospitality industry, I’m looking forward to collaborating with the team here to continue to deliver growth in this exciting space.”
Worldwide, CBRE Group is currently involved in developing at least 28 sites, according to the TOPHOTELPROJECTS database. This includes the 96-room El Nido Beach Spa & Resort Palawan Island in the Philippines, Swissotel Beijing HongKong Macau Center, bringing 430 keys to the Chinese capital, and over in the US, 228-room The Thompson Hotel Detroit Midtown.
Related Articles
Sep 7, 2022
Aman Group recently welcomed $900 million of private financing, so how is the Swiss-headquartered group going to use the funding to expand its reach? TOPHOTELNEWS spoke to Aman Group CEO, Vlad Doronin, about what direction he is steering the upscale chain towards….
Sep 1, 2022
Pictured: Joel Eisemann and Julienne Smith. Imagery courtesy of IHG Hotels & Resorts. IHG Hotels & Resorts has reshuffled its development team for the Americas following a recent change at the top. Ex SVP of development, Julienne Smith, took over the chief…
Aug 31, 2022
Imagery courtesy of Rosewood Hotels & Resorts. Rosewood Hotels & Resorts has appointed an MD and director of project services for its upcoming Amsterdam site, which is set to open in late 2023. Thomas Harlander will be collaborating closely with Rosewood…
Aug 30, 2022
Hawaiian-headquartered Outrigger Hotels and Resorts is surging its development across both sides of the Pacific, so what’s the inside track on the chain’s strategy? Chief development officer, Kenneth Kan, reveals how the coastal resort specialist is intending to…
Aug 24, 2022
Radisson Hotel Group (RHG) is targeting a doubling of its Middle Eastern portfolio by 2026, so how will its newly-arrived regional development director help to carry this out? TOPHOTELNEWS caught up with Oussama El Kadiri as he settles into his role. How will you and…
Aug 18, 2022
Imagery courtesy of Danubius Hotels. Experienced executive Andrea Róna has joined the Danubius Hotels management team as group director of development. She will be responsible for both the domestic and European brand hotels belonging to the Hungarian-headquartered…