Sir David Michels launches new hotel asset management firm

01 March 2010 by
Sir David Michels launches new hotel asset management firm

Sir David Michels, former group chief executive of Hilton, has joined forces with one time colleague, Hugh Taylor, to launch a new hotel asset management business.

The pair already asset manage 60 Hilton and Marriott hotels across the UK, through Hilmar Hotel Management. Now, under the new trading name of Michels & Taylor, they are opening up their service to new owners of branded hotels of over 100 bedrooms across Europe.

The new venture will specialise solely in the major international brands in the UK and the rest of Europe, where the extensive growth of management contracts has followed a decade of hotel companies divesting their assets to external investors.

Sir David Michels, who left Hilton in 2006 after selling Hilton International to HHC for £4b and launching Ladbrokes as a stand-alone public company, said that he has believed for some time that European hotel asset management needs to get real.

Michels is currently chairman of EasyJet, deputy chairman of Marks and Spencer and chairman of Paramount Restaurants. He is also a board member of Strategic Hotels and Resorts, Jumeirah Hotels and president of the British Hospitality Association.

Taylor previously worked with Michel as a regional vice president of the company, with responsibility for 30 hotels before moving over to the owning side of the industry to run the hotel interests of Igal Ahouvi and his partners.

Michels plans £1b hotel fund >>

Who are the leaders today? >>

Michels and Parker join Jumeirah >>

Sir David Michels joins board of US REIT >>

By Janet Harmer

E-mail your comments to Janet Harmer here.

If you have something to say on this story or anything else join the debate at Table Talk - Caterer's new networking forum. Go to www.caterersearch.com/tabletalk

Caterersearch.com jobs
Looking for a new job? Find your next hotel job here with Caterersearch.com jobs

Blogs on Caterersearch.com](http://www.caterersearch.com/blogs) Catch up with more news and gossip on all Caterer's blogs
[Newsletters For the latest hospitality news, sign up for our e-mail newsletters.
The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking