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Real estate investment company Aprirose has appointed Tim Shearman as CEO of hotels.
He will oversee the asset management and growth of the new hotel business within Aprirose’s £1.7bn real estate portfolio.
Shearman joins Aprirose from London and Regional where he was COO of Hotels, responsible for the operational and asset management of its £4bn global hotel portfolio.
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.”
Shearman added: “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.”
