NEWPORT BEACH, CA—Twenty Four Seven Hotels has named Gary Gray as chief investment officer, overseeing portfolio growth strategies across acquisitions, development and hotel management opportunities. The appointment of Gray furthers plans to continue to expand across the western U.S., according to the company.
With more than 25 years of experience in the hospitality industry, Gray most recently served as SVP of portfolio business development at TPG Hotels & Resorts. He specialized in sourcing, underwriting and closing hotel transactions ranging from the new construction of California’s first AC Hotel by Marriott to more than 20 hotel acquisitions and hotel management agreements nationwide.
In his new role, Gray will spearhead Twenty Four Seven Hotels’ business development strategy with a focus on identifying and building strategic partnerships to position the company in new markets and to optimize its presence in existing markets.
“As we were looking to expand our leadership, Gary’s background was a solid fit with both our growth plan and our culture,” said David Wani, CEO of Twenty Four Seven Hotels. “The timing of his appointment supports our current momentum as his strengths will be instrumental in helping to define and accelerate the company’s future path.”
“The evolving brand of Twenty Four Seven Hotels combined with the team’s energy and enthusiasm is contagious and is what excites me about joining the group,” said Gray. “Growing the portfolio isn’t just leveraging new strategies and relationships; it’s about ensuring Twenty Four Seven Hotels’ brand and vision align with our investors, as well.”