Stoneweg consolidates hospitality expertise into dedicated platform, appoints MD
Stoneweg, a real estate investment adviser and asset manager with operations and capabilities across Europe and the United States, has consolidated its specialist management and advisory capabilities in the hotels sector into a dedicated platform, Stoneweg Hospitality, as it prepares to take advantage of market dislocation and further expand its activity in the sector.
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. The investment strategy will continue to be informed by supportive underlying trends and focus on markets and properties that offer the greatest opportunity to create value and deliver high quality products managed by the industry's leading specialist talent.
Miguel 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.
Stoneweg will look to further strengthen the team as it expands its operations and maintains its high levels of client service and delivery.
Joaquín Castellví, co-founder and head of acquisitions, Europe at Stoneweg, says: "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. We have therefore taken the decision to consolidate and build on our expertise by establishing Stoneweg Hospitality as a dedicated platform.
“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.”
Miguel Casas, Managing Director, Stoneweg Hospitality, says: “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.”