Sage Hospitality Group has promoted Dean Stambules to chief investment officer (CIO). In this new role, he oversees all new business initiatives for the company, including the identification of investment opportunities for both acquisitions and development, as well as the growth of the company’s third-party management portfolio—for both hotels and restaurants.
“Dean’s promotion is a testament to his exceptional leadership, unwavering commitment and the profound impact he has had on Sage over the past 10 years,” said Walter Isenberg, CEO/cofounder, Sage Hospitality Group. “Since joining the company, Dean has played a transformative role in reshaping our investment model. He has a deep knowledge of the world of hospitality and embodies our company’s values in his work. Dean has been instrumental in building Sage into what we are today.”
Stambules’ journey at Sage spans a decade, beginning in 2014 as an analyst with the real estate group. In that position, he oversaw the company’s investment model, and he has been involved in nearly all of Sage’s new business related to acquisitions and third-party management contracts since that time. Most recently, he served as managing director, growth & investments. His work can be seen in the growth of the company’s portfolio, with a focus on urban and resort lifestyle projects including Hotel Commonwealth, The Ritz-Carlton Chicago and Denver’s Union Station, among others.
More recently, he led Sage’s first acquisition in Florida, a joint venture in One Ocean Resort & Spa, a resort in Atlantic Beach. He was also actively involved in The Ann Savannah, the first Apartment by Marriott Bonvoy property in the continental U.S., scheduled to open in the coming weeks. Throughout his tenure, he has expanded partnerships and strengthened ties on behalf of Sage with key partners including Sunstone Hotel Investors, Host Hotels & Resorts, Pebblebrook Hotel Trust, RLJ Lodging Trust and DiamondRock Hospitality.
“It has been a privilege to play a role in Sage’s success over the past decade, and I am incredibly honored to step into this new role and lead Sage’s investment efforts,” said Stambules. “I look forward to continuing to collaborate with an exceptional team, shaping the future of hospitality through exceptional investments that also create meaningful and lasting impacts within the communities we serve.”
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