NEW YORK— Swissotel Hotels & Resorts President/CEO Andreas Meinhold reported that he will step down from his positions with the hotel company upon the completion of the sale to Raffles Holdings, Ltd. As previously reported by HOTEL BUSINESS®, Raffles Holdings and Swissotel first reported plans for the sale on April 23. The deal is expected to be completed by mid-June. Meinhold will pursue other hotel-related business interests after leaving Swissotel.
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