Oakwood Worldwide has appointed Andrew Reitmaier to the newly created role of director of business development in the EMEA region.
In his new role, Reitmaier will be in charge of all real estate development activities across the region, including acquisitions and management contract deals, working closely with Oakwood Worldwide’s parent company, Mapletree Investments.
Prior to joining Oakwood Worldwide, Reitmaier served as a consultant on a large portfolio of investments across the hospitality and real estate sectors. Previously, he served as chief development officer at Steigenberger Hotels AG and vice president of development at Movenpick Hotels & Resorts. Additionally, he held consulting positions with BDO and Arthur Andersen’s corporate finance, hospitality and real estate practices in the Middle East and Europe.
Based at the Oakwood Worldwide regional headquarters in London, Reitmaier will report directly to Tom Meertens, managing director of EMEA.
Meertens commented: “Oakwood Worldwide has ambitious plans to strengthen our network of owners, investors and developers, undertake further product development and source new projects across EMEA. Andrew’s record and experience makes him an invaluable addition, and I’m delighted to welcome him to the team.”
Reitmaier added: “It’s an exciting time to be joining Oakwood Worldwide as it embarks on plans for accelerated growth and expansion. 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 the segment.”
Oakwood Worldwide was named Best Serviced Apartment Provider at the 2018 Business Travel Awards.