Yotel has appointed Jason Hsiang as senior vice president of development for North America.
Based in New York, Hsiang will spearhead the acquisitions and development team responsible for sourcing, negotiating and closing joint venture agreements, acquisitions, and long-term management agreements for new Yotel, Yotelair and Yotelpad projects in the USA and Canada.
He joins Yotel from Thor Equities where most recently he held the position of senior vice president of hospitality.
“It is with great delight that I welcome Jason to our team.
“It is an exciting time for Yotel as we expand at an unprecedented rate across the globe and Jason’s appointment will strengthen our development efforts in North America.
“With an excellent team in place and working closely with our existing partners, we’re looking forward to maximising all our opportunities with a specific focus on key gateway cities such as Los Angeles, San Francisco, New York, Washington DC, Chicago, Houston, Seattle, Toronto, Vancouver and Montreal,” said Hubert Viriot, chief executive of Yotel.
Through his extensive hospitality career, Hsiang has been involved in over $2 billion of hotel transactions throughout North America and Europe and responsible for growing several independent hotel companies into internationally recognised brands.
After completing his formative years with Lazard Freres Real Estate Investors, he moved to Northstar Capital where upon taking Morgans Hotel Group through an initial public offering, joined the development team where he deployed $500 million of equity investments over six years.