Four Seasons Hotels and Resorts welcomed their newly appointed president and CEO, Allen Smith who will begin his position on September 23, 2013. Smith is currently the president of Prudential Real Estate Investors (PREI), one of the world’s largest real estate companies and has been there since 2008. PREI has flourished under his leadership for the past five years. The company now consists of 23 offices world wide and USD 53 billion in real estate assets under management, including many hotels. “Over the course of his career with Prudential, his responsibilities expanded beyond hotel investing to include all commercial property types and all facets of the real estate investment business including strategic planning, organizational development, capital partner relations, portfolio management, corporate finance and business operations,” stated an article from Breaking Travel News, commemorating his impressive professional experience. The decision was a result of a long, executive, and global search administrated by long-term shareholders, Kingdom Holding Company, Cascade Investment and Triples Holdings.
Commenting on today’s announcement, His Royal Highness Prince Alwaleed Bin Talal, Chairman of Kingdom Holding Company, said, “The success of Four Seasons as the world’s greatest luxury hospitality company has resulted from the incredibly strong and consistent vision that the company has pursued from its inception. We have enjoyed a strong relationship over twenty years as the company has evolved and grown, and we look forward to continuing to work closely with our friends at Cascade and Triples to support Allen as CEO.”
With the addition of Allen Smith, the Four Seasons projects an abundance of marketing opportunities that can help expand the Four Seasons brand globally. The upcoming year sounds like an exciting and promising one for the company. Sounds like luxury traveling just got better.