School Daze
I’ve been wondering whether the path to the top of the Hotel business is through either a hotel school education or a first job (after school) in the Hotel industry (by this, I mean, a hotel company, a hotel REIT or other investment firm, a management company, a hotel broker (e.g., JLL, The Plasencia Group, HWE), a hotel service provider (e.g., HVS, Four Corners Advisors, PwC), or other, similar starting position.
For example, I do not qualify on either criterion (no hotel school, no first job in the industry), and each of my children qualifies on both counts (Adam: Cornell Hotel School degree, first job at KPMG; Carey: Ohio State degree in Hospitality Management, first job at The Boulders Resort (and, while in school, a full-time job at Hyatt Regency Columbus)).
So, I checked, somewhat unscientifically (by looking at proxy statements, website bios and press releases), the major hotel companies and selected hotel REITs, and I have come up with this list. Note that I picked the CEO and top real estate/development positions to use the two most relevant to “Deal Tracks”:
|
Company |
CEO |
Real Estate/Development Head |
||
|
|
Hotel School |
First Job |
Hotel School |
First Job |
|
Starwood Marriott Hilton IHG Hyatt Wyndham Carlson Four Seasons
REITs Host LaSalle Strategic FelCor Sunstone Ashford |
N N N N N N N N
N N Y N Y Y |
Y N N N Y N Y N
N Y Y N Y Y |
Y Y Y N Y Unk. N Y
N Y n/a Y N N |
Y Y Y N Y N N N
N Y n/a Y N N |
I do not think there are any great insights to take from this admittedly unscientific survey, other than, perhaps, this: one need not have started in nor been formally educated in the hotel business to get the top two jobs (for deal folks) our industry has to offer.
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