US and pan-European real estate investor Stoneweg has consolidated its specialist management and advisory capabilities in the hotels sector into a dedicated platform, Stoneweg Hospitality.
Miguel Casas has been appointed to the newly created position of managing director, Stoneweg Hospitality, with responsibility for leading the business’ focus on the sector.
Under Casas's leadership, Stoneweg Hospitality will seek to leverage its deep expertise and track record in the sector to build a hotels focused platform comprising investments in key European markets as economies emerge from the Covid-19 pandemic.
Stoneweg currently has a significant hotels portfolio consisting of 1,500 rooms across southern Europe.
Casas said: 'Stoneweg already has an impressive background in hotel investment and I’m very pleased to be joining an entrepreneurial team that takes such an innovative approach to transactions and capital deployment.
'I look forward to working with the team to build on these foundations and to take advantage of the opportunities present in the sector on behalf of our clients.'
Casas has 15 years of experience in the hospitality investment market. He joins Stoneweg after a 10 year career at CBRE where he was latterly head of hotel investment properties, Continental Europe, with responsibility for CBRE’s pan European activity in the sector, and before that head of hotel investment properties in Spain.
Casas, who holds a degree in Business Administration from CUNEF in Madrid, has extensive experience in undertaking strategic transactions in the sector, as well as in brokerage and buy side advisory and investment services related to hotel assets.
Joaquín Castellví, co-founder and head of acquisitions, Europe at Stoneweg, said: 'We retain a high conviction in hotels which we believe will see a strong recovery as economies across the globe emerge from the pandemic.
'Over the years we have an established a strong track record in the sector and our deep-seated network enables us to source attractive opportunities, which we are already seeing as a result of the dislocation caused by Covid-19.
'Miguel has an extensive background in hospitality advisory and asset management which strengthens our team and will no doubt be invaluable in building this business, which we believe has significant growth potential that will translate into value for our investors.'
