Provenance Hotels Chairman & CEO Katherine Durant Will Assume Role of President

USA, Portland, Oregon. May 12, 2020

Provenance Hotels announced that President Bashar Wali has decided to depart from his position with the Company, effective May 29, 2020. Upon his departure, current Chairman & CEO, Katherine Durant, will assume the role of President, and Founder Gordon Sondland will assume the role of Chairman. Wali will remain involved with Provenance as a Senior Advisor to the Company and in his capacity as a shareholder.

"Bashar has been a valued member of our team for nearly 15 years, and we thank him for the dedication and ingenuity he has brought to Provenance during his tenure," said Sondland. "While we are sad to see him leave the Company in his current capacity, we understand his desire to pursue a new venture and we are pleased that he will remain a significant presence in our world as an investor and friend. We wish him all the best in his next endeavor."

Sondland continued, "I'm very pleased that Katy has agreed to expand her responsibilities and assume the role of President, in addition to her current work as CEO. She is a force in the U.S. real estate industry, and I look forward to working with her closely as I re-join Provenance as Chairman."

Said Wali, "Over the past 15 years, I have been fortunate to work with the many talented people at Provenance - it has been a pleasure and an adventure to help build the Company alongside them," said Wali. "I will remain invested, in so many ways, in Provenance Hotels, but I am looking forward to beginning my next chapter and exploring new ventures at the forefront of the revolution in the hotel industry."

Provenance also announced that Ernest Glidden has joined Provenance as Chief Financial Officer. Glidden previously served as a Senior Vice President, Operations Finance, for Caesars Entertainment Corporation, and as a Regional Vice President, Finance, for Starwood Hotels & Resorts. He was also the Chief Financial Officer for U.S. Operations at Talisker Corporation and a Senior Vice President of Finance at Rosewood Hotels & Resorts. Ralph Aruzza, former Executive Vice President and Chief Sales and Marketing Officer at Belmond and Vice President for Sales and Marketing at Rosewood Hotels, has also joined the Company as Chief Marketing Officer.

"We are delighted that Ernest and Ralph are bringing their talents to Provenance and we look forward to leveraging their wealth of experience during this crucial time," said Durant. "Ernest is a revenue-driven CFO, and Ralph will be instrumental in taking our marketing department to the next level. They are both valuable additions to our great team."

Finally, the Company announced that Klaudio Simic has been promoted to Senior Vice President of Operations. Simic, who joined Provenance in 2000, will continue to be a key partner to Durant, Glidden and the rest of the Provenance Hotels leadership team.

Media Contact:

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in October 2020...

Revenue Management: Maximizing Profit

Hotel Revenue Management continues to evolve at a blistering pace. Driven by technological innovation and new distribution channels, there are some dynamic opportunities for expansion in this fast-growing field. The technology is primarily designed to help revenue managers further refine their operations and pricing models to maximize hotel profit. For example, hotels can't be all things to all people, so a key strategy is to precisely identify their target audience. By employing geo-targeting techniques and analyzing behavior such as previous bookings, on-property purchases and online shopping practices, there is an increased capability to define guest demographics. By segmenting customers in more specific ways, hotels are able to create more personalized experiences which, in turn, allow managers to optimize their room rates. It is also an effective way to fulfill the unique needs and preferences of the individual. Another methodology is to consistently monitor the competition's pricing strategies. There are software tools that analyze a competitor's current rates, and then allow a hotel to make its own pricing adjustments. It is also a useful means to conduct forecasting models. Other technologies that are being integrated into a revenue manager's toolkit include Artificial Intelligence in the form of automated algorithms, and Voice Recognition (VR) for data inquiries, rate changes, and booking behavior. Predictive and analytic software programs are also being leveraged to provide more forward-looking data, instead of the usual reliance on historical performance. These metrics allow managers to be more proactive - rather than reactive - with their revenue strategy. The October issue of the Hotel Business Review will examine these developments and report on how some leading hotels are executing their revenue management strategies.