12 June 2018, London: Aprirose, the real estate investment company, has appointed Tim Shearman as Chief Executive Officer - Hotels as the company continues its expansion.
As CEO of Hotels Shearman is charged with overseeing the asset management and growth of the new hotel business within Aprirose’s diverse £1.7 billion real estate portfolio.
Shearman joins Aprirose from London & Regional where he was Chief Operating Officer of Hotels, responsible for the operational and asset management of their £4 billion global hotel portfolio. Prior to this Shearman was VP Asset Management for Westmont Hospitality Group with responsibility for their European hotels. He has also worked at Kew Green Hotels leading the operations strategy. Shearman started his career with Hilton in various General Manager roles, and now joins Aprirose with over 32 years of industry experience.
Manish Gudka, CEO at Aprirose, said: “Following the acquisition of QHotels we are continuing to manage and grow our asset base within the sector as we identify investment opportunities in the market. Tim brings with him a wealth of experience and strong industry relationships and is perfectly placed to execute our structured hotels business strategy. He will play a key role at Aprirose in how we move forward with our hotels business, which now contains 5,576 beds under management.”
Tim Shearman, CEO of Hotels at Aprirose, said: “Aprirose has been going through a period of rapid growth and has seen the company’s hotel business go from strength to strength. As Aprirose continues to grow its diverse portfolio, I look forward with working with the entrepreneurial team to manage the hotel business as the hotel market presents a variety of interesting opportunities.”
Aprirose’s recent hotel acquisitions include the QHotels business for £525 million in September 2017, bringing the number of hotels within the portfolio to 37.