EMEA: Serviced apartment company Cheval Collection has appointed Taras Ettl to its development team.
Ettl’s background includes nearly a decade in acquisitions and development for Kingdom Hotel Investments. Additional experience includes a senior development role with InterContinental Hotels Group responsible for Middle East and Africa, as well as the regional head of operations at Deutsche Hospitality with its base in Dubai.
His appointment comes as Cheval plans further growth in Dubai following the group’s debut international opening in the area last year, as well as doubling its efforts in Europe.
Ettl said: “I am excited to be joining Cheval Collection as serviced apartments move into the mainstream in the hospitality sector. The luxury and lifestyle segments are ripe for further growth with guests and owners eager to enjoy a high-end experience, with the freedom to live as they do in their homes.”
Daniel Johansson, director of development and acquisitions, Cheval Collection, said: “We are thrilled to be heading into 2024 with a growing development team, adding Taras’s knowledge to our more than 40 years’ in the sector.
“We are seeing increasing demand for luxury serviced apartments around the world, with the model gaining traction with guests and investors, who are starting to appreciate the appeal of flexible stays teamed with limber operations.”
Mohammed S. Alawadhi, managing director, Cheval Collection, added: “Cheval Collection is growing globally and it is a testament to our reputation that we are attracting talent of Taras’s pedigree. Results are already exceeding expectations in Dubai and we are in talks to add further properties in the region under the management model, which ensures our alignment with owners.”
