Oakwood Worldwide appoints EMEA business development director

Global serviced apartment operator, Oakwood Worldwide, has announced Andrew Reitmaier will take up the newly created role of director of business development in EMEA (Europe, Middle East and Africa).

Oakwood Worldwide Fitzrovia
Oakwood Worldwide says the new role will supports its plans to expand and diversify its investments, strategic alliances, joint ventures and portfolio deals, and extend the reach of the brand to benefit from further opportunities across the EMEA region.
Mr Reitmaier will be based at Oakwood Worldwide's regional headquarters in London and report directly to EMEA Managing Director, Tom Meertens. He will spearhead all real estate development activities across the region, including acquisitions and management contract deals.

'Ambitious plans to strengthen network'

“Oakwood Worldwide has ambitious plans to strengthen our network of owners, investors, and developers; undertake further product development; and source new projects across EMEA,” said Mr Meertens.“Andrew’s record and experience makes him an invaluable addition, and I’m delighted to welcome him to the team.”
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Advisory and consulting roles

Prior to joining Oakwood Worldwide, which is wholly owned by Mapletree InvestmentsMr Reitmaier served as a consultant advising on a large portfolio of investments across a variety of hospitality and real estate projects.His previous experience includes a chief development officer role for Steigenberger Hotels AG and vice president of development at Mövenpick Hotels & Resorts.Additionally, Mr Reitmaier has held consulting positions with BDO and Arthur Andersen’s corporate finance, hospitality, and real estate practices in the Middle East and Europe.He has a Bachelor of Arts degree in International Hotel Management from Manchester Metropolitan University and is a member of the Institute of Hospitality and Institute of Directors.

'Exciting time to be joining'

“It’s an exciting time to be joining Oakwood Worldwide as it embarks on plans for accelerated growth and expansion,” said Mr Reitmaier.“From an investment perspective, private equity and institutional investors have been watching the serviced apartment sector closely, and Oakwood Worldwide’s operating philosophy and values put it in a great position to attract investment in this segment.”As Relocate Global reported in February, expansion in the serviced apartment sector is set to continue according to a sentiment survey of the UK sector undertaken in November 2017 by ASAP and Savills. This confirmed that more than 40 per cent of operators are looking to accelerate their expansion plans in 2018.
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