Hotel Investment and Management Company to Grow Portfolio of U.S.
Assets
PHOENIX--(BUSINESS WIRE)--#CRE--Oxygen Hospitality Group, a U.S. hotel real estate investment and
management company, today announced Yaron Ashkenazi, an award-winning
international hotelier, has been named chief executive officer (CEO).
Oxygen Hospitality, a name which means “to breathe in and give life to,”
will acquire, renovate and manage a portfolio of branded and independent
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hotel assets in the Sun Belt and other advantageous U.S. destinations.
The Company, which will focus on instilling a values-based European
ethos for global business and leisure guest appeal, is headquartered in
Phoenix, Arizona.
Ashkenazi, a highly seasoned international hotelier, joins Oxygen
Hospitality from GCH Hotel Group in Berlin, Germany, where he most
recently served as CEO for the country’s second largest hotel management
group. Notably, Ashkenazi managed and repositioned an extensive
portfolio of 120 hotels, with 15,000 rooms, in Germany, Belgium and
Austria welcoming over 3 million guests annually and employing 3,300
people. Renowned hotel brands under his management included Wyndham,
TRYP by Wyndham, Days Inn, Radisson Blu, Best Western, Mercure, Ibis,
Crowne Plaza and Holiday Inn. His proven operational and financial
excellence resulted in leading the Company to become the largest
management company of Wyndham Hotel Group properties in Europe.
In this most recent CEO role, Ashkenazi positioned his group of hotels
as a “AAA” in the Treugast Investment Ranking. Numerous projects,
innovative ideas and implementation of advanced technology are
attributed to his leadership. He positioned the GCH Hotel Group in the
market as a professional, independent service provider (B2B) of
management services and also caused a sensation in 2016, when his
company became the first hotel management company in Europe to have a
virtual reality website. He is a frequent speaker at conferences on
leadership and operations development within the hospitality industry.
Ashkenazi, a native born Israeli, began his 29-year hospitality
leadership career in Tel Aviv. He holds a degree from Technion – Israel
Institute of Technology in Hotel, Motel and Restaurant Management and a
bachelor’s degree from The Hebrew University in Jerusalem.
“The opportunity to use the knowledge and lessons learned from decades
within the hospitality industry and become an owner and co-founder is a
lifelong aspiration that has come to fruition,” said Ashkenazi. “All
guests will get an unforgettable experience across our properties as we
will strive to create loyalty among guests, partners and investors.”
Ashkenazi’s vision for the newly formed vertically integrated company,
Oxygen Hospitality, is centered on repositioning attractive,
value-driven assets into properties where guests are welcomed into an
authentic, lifestyle-centered atmosphere filled with local immersion,
incredible service and exceptional food. Furthermore, the Company is
passionately focused on differentiating itself and disrupting the
industry by aggressively infusing technology into real estate for
elevated ease, guest experience and operational performance. For
information on Oxygen Hospitality, please visit www.oxygenhospitality.com
or by calling 1-833-OXYGEN3.
About Oxygen Hospitality Group
Oxygen Hospitality is a real estate investment and management company
focused on acquiring, redeveloping and managing a distinctive portfolio
of branded and independent hotel assets in the Sun Belt and other
advantageous U.S. destinations. The Company partners with registered
investment advisors (RIAs) and accredited investors seeking direct
investment opportunities in hotels requiring asset redevelopment or
operational repositioning for a return to profitability and guest
experience excellence. Co-founded by Peter Anadranistakis, Merv Chia and
Yaron Ashkenazi, Oxygen Hospitality is headquartered in Phoenix,
Arizona. For more information, please visit: http://www.oxygenhospitality.com
and follow us on Facebook
and LinkedIn.
Note to Investors
This press release is for informational purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy
securities. Offers to sell or the solicitations of offers to buy
securities may only be made through official offering documents that
contain important information about risks, fees and expenses. Certain
statements in this press release constitute "forward-looking statements"
within the meaning of the federal securities laws. Words such as "may,"
"might," "will," "should," "believe," "expect," "anticipate,"
"estimate," "continue," "predict," "forecast," "project," "plan,"
"intend" or similar expressions, or statements regarding intent, belief,
or current expectations, are forward-looking statements. While the
Company believes these forward-looking statements are reasonable, undue
reliance should not be placed on any such forward-looking statements,
which are based on information available to us on the date of this
release. These forward-looking statements are based upon current
estimates and assumptions and are subject to various risks and
uncertainties. Thus, actual results could be materially different. The
Company expressly disclaims any obligation to update or alter statements
whether as a result of new information, future events or otherwise,
except as required by law.
Contacts
Oxygen Hospitality Group
Ruth Seigel, 602-320-4182