UK: SACO CEO Stephen Hanton will be leaving the business at the end of November, to be replaced by former IHG COO Stephen McCall.
Hanton oversaw SACO through significant growth over the last five years, including guiding it though its acquisition by Brookfield earlier this year, the biggest transaction to date in the UK serviced apartment sector.
Hanton said: “It has been a privilege to have been part of the many great successes that SACO has enjoyed over the last five plus years. I was fortunate to join a business that had been established with such strong values and commercial principles, and together with the SACO team help steer the business on the next part of its journey. During this time we have launched aparthotels, new brands, and new properties in new countries, won awards, enjoyed enviable financial results, gained new clients and provided industry leading guest service. I am immensely proud of the SACO team and these achievements and pleased to be leaving a solid platform with string brands, significant partner support and a pipeline which positions the business well for the future.”
Hanton’s successor Stephen McCall has more than 23 years’ industry experience across finance, governance and operations. He was most recently COO for IHG in Europe where he was accountable for the performance of more than 750 managed and franchised hotels.
