TORONTO—Fairmont Raffles Hotels International (FRHI) Hotels & Resorts has announced the appointment of Martin Kandrac as executive vice-president, real estate and development.
Based in Zurich, Kandrac will be responsible for all aspects of FRHI’s real estate and development activity worldwide, including regional offices in the Americas, Europe, Asia, and the Middle East. As part of those responsibilities, Kandrac will have oversight of FRHI's residential and design and construction teams.
Kandrac brings to his new role over 17 years of international hospitality real estate experience in the U.S., Asia and Europe. He joins FRHI from his most recent position as managing director, real estate in the London office of Mount Kellett Capital Management. Prior to this, Kandrac spent 12 years with Blackstone Real Estate as head of European Hotels. He has also held progressive positions with Goldman Sachs and Starwood Hotels & Resorts.