DoveHill, a vertically integrated hospitality investment firm and development organization, appoints Charles Paloux as its chief investment officer. In this new role, Paloux will continue to oversee the entire lifecycle of DoveHill's investments, ranging from acquisitions to the execution of business plans, asset management and dispositions.
"Charles' background and experience have proved invaluable to the growth and success of our business in the past three years," DoveHill Founder and CEO Jake Wurzak said in a statement. "During the pandemic, our firm was one of the most active hospitality investors. Our focus will be on our newly launched Opportunity Fund 2, with an initial emphasis on asymmetric preferred equity investments in hospitality assets and highly differentiated independent and lifestyle properties."
Paloux joined DoveHill in June 2021 with more than 20 years of experience in hospitality. Before joining the Wurzak Group, Paloux served as senior vice president of asset management at Jones Lang LaSalle, overseeing North America's largest asset management client. Prior to Jones Lang LaSalle, Paloux held a 10+ year tenure at Hersha Hospitality Trust, where he led the asset management of their independent and lifestyle properties, specializing in rebranding and repositioning assets.
"I am very excited to continue to pursue the strong trajectory growth of the DoveHill portfolio, emphasizing preferred equity, and unique lifestyle and independent hospitality properties. Together, Jake and I are similarly driven in our ambition to offer a unique approach to hospitality investments that accommodate the fast-changing tastes and preferences of today's savvy guests," Paloux said.
Additional roles Paloux has held include senior consultant at PricewaterhouseCoopers in their investment management and real estate practice (part of the Hospitality and Leisure group) and financial controller and auditor for Accor UK, overseeing their 90 hotels. Paloux also has hotel operations experience at the InterContinental Carlton in Cannes, Relais & Châteaux de la Chèvre d'Or in Eze, Le Negresco in Nice, and the Sofitel in Philadelphia.