Global Asset Solutions has appointed finance specialist David Ordoñez to the team, in the role of asset manager.
Ordoñez joins the group as it continues to expand globally, recently reporting a EBITDA to increase by 35% Across its portfolio of luxurious hotels
Dimitris Mittas, COO, Global Asset Solutions said: “We’re thrilled to welcome David as a member of the Global Asset Solutions Team. His vision and experience are in line with our commitment to deliver strategic, high impact asset management solutions for hotels around the world. “We look forward to his expertise in helping us grow and increase the value of our services to clients.”
Ordoñez said: “Global Asset Solutions is an experienced team with an impressive track record of successfully completing luxury hotel projects and achieving strong operating results.
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“The luxury industry is growing, as more people want unique experiences and are opening new markets. The expansion of B2B business opportunities helps hotels diversify revenues and establish long-term partnerships. The industry is also facing challenges. Costs are increasing, and it’s important to maintain a balance between technology and personal service. Sustainable practices are also in high demand.
Luxury properties can face even greater challenges in meeting the higher expectations, since they have to maintain high standards and implement sustainable solutions. It is important to have a specialist asset-management team.
Ordoñez holds an MBA in Global Hospitality Management from Les Roches Global Hospitality Education in Switzerland. He spent two years as part of a team at Anpora Asset Management in Spain, overseeing a portfolio of five hotels.
Previous experience includes four years at PricewaterhouseCoopers in Madrid within the Tourism & Transportation Sector Assurance team, where he developed his knowledge of financial audits, asset valuations and business plan reviews.
Global Asset Solutions, the largest independent asset management company in Europe, the Middle East, Asia, and the Pacific, includes award-winning luxury hotels like the Rosewood Phnom Penh, and the Four Seasons Madrid.
