The CEO of De Vere Venues, Tony Dangerfield, has stepped down, CN can exclusively reveal.
International private investment firm Starwood Capital Group acquired the hotel operator and meeting and events space provider De Vere Venues for £232m in March this year.
“It has today been announced that Tony Dangerfield Chief Executive Officer of De Vere Venues will be leaving the business following a short transition period through September 2014,” De Vere Venues told CN.
Dangerfield, who has played a leading role for eight years in the business, said: “Following many fantastic years working with the team to create such a strong brand within the conference, training, meeting and events industry, it’s an opportune time for me to seek out my next challenge”.
The acquisition by Starwood in March brought in 23 De Vere Venues owned and leased hotels, comprising 2,433 bedrooms and 374 meeting rooms and 414,000sqft of meeting space, predominantly in Greater London.
The De Vere Venues’ portfolio includes Wokefield Park and Staverton Park.
Previously Starwood had bought hotel, conference and training venue operator Principal Hayley and Four Pillars Hotels.
And, prior to the De Vere Venues sale to Starwood, CN had highlighted speculation around the obvious synergies that Starwood Capital could achieve by combining Hayley Conferences’ venues with De Vere’s venues. “Such a move would put two old adversaries, Tony Troy (CEO Principal Hayley) and Tony Dangerfield (CEO De Vere Venues) head to head,” the CN March report ran.
Dangerfield had said at the time: “In Starwood Capital Group, we have found a leading, global investor that both understands our dynamic business and is excited about what we have achieved. Their track record in supporting already successful companies and brands such as ours achieve further growth is well known and we look forward to announcing further developments as the wider group strategy is confirmed.”
It seems he will not now be the man to lead the new combined group forward.
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