Foncière des Murs, the hospitality arm of French REIT Foncière des Régions, has appointed Gaël Le Lay as deputy to chief executive Dominique Ozanne.

Foncière des Murs, the hospitality arm of French REIT Foncière des Régions, has appointed Gaël Le Lay as deputy to chief executive Dominique Ozanne.

Le Lay's task will be to expand the Foncière des Murs development model in France and in Europe, primarily in hotel real estate.

Le Lay was previously hotel investment manager at AXA Real Estate for seven years. Prior to that, he worked for 11 years in the Accor Group, where he began his career, first as internal control manager, then as project manager reporting to the head of investment.