AIG Global Real Estate Executive Named CEO Of ORCO Property Group's Hospitality Business

  
    
  
  
    
      Keith Lindsay, 45, has joined ORCO Property Group’s 
      Hospitality Group as CEO. Mr. Lindsay was most recently global head 
      of hospitality and leisure at AIG Global Real Estate, which is a 
      joint venture partner in some of ORCO’s 
      hospitality businesses.
    
    
      ORCO is a leading investor, developer and asset manager in the 
      Central European real estate and hospitality market. It manages $2.5 
      billion in assets. The Hospitality Group owns and operates luxury 
      boutique hotels and luxury serviced apartments in the major capitals of 
      Central Europe.
    
    
      At ORCO, Mr. Lindsay will oversee operations and asset management of all 
      hotel properties and new investments.
    
    
      Said Jean-Francois Ott, President of ORCO Property Group, “The 
      Central European hospitality market is growing quickly, and the pace 
      will accelerate even more as a number of countries become qualified to 
      join the Eurozone. ORCO is committed to making the most of this growth – 
      and helping to facilitate it. Accordingly, we’re 
      delighted to bring on a leader with Keith Lindsay’s 
      experience and entrepreneurial spirit. His track record creating 
      successful hospitality ventures throughout the world, including Central 
      and Eastern Europe, and his on-the-ground experience running major 
      hospitality companies in the region will benefit our operations, 
      investors and clients.”
    
    
      ORCO hospitality properties include the Pachtuv Palace in Prague, the 
      Hotel Le Regina in Warsaw, the Andrassy Hotel in Budapest and the 
      recently opened Pokrovka Suite Hotel in Moscow. The portfolio also 
      includes nine hotels and resorts in Croatia, such as the recently 
      renovated and reopened Amfora Pool and Harbour in Hvar.
    
    
      Said Mr. Lindsay, “I’m 
      very excited to join an organization that has deep roots in and is 
      well-positioned to leverage the growth of such a dynamic part of the 
      world. ORCO, and the hospitality industry overall, have tremendous 
      opportunities as the Central European markets expand and complete the 
      integration process in the European Union.”
    
    
      Prior to AIG Global Real Estate, Mr. Lindsay was head of Russia for 
      ACCOR, the world’s leading hotel group, and, 
      before that, COO of Envergure Louvre Hotels, the second-largest European 
      hotel chain. He has also served as vice president for Europe investments 
      for Intercontinental Hotel Group plc and has held a number of positions 
      at the Walt Disney Company. He holds an MBA from IESE in Barcelona.
    
    
      For more information or a headshot of Mr. Lindsay, please contact 
      Adria Greenberg of Sommerfield Communications at 212-255-8386 or [e-mail].
    
    
      About ORCO Property Group
    
    
      ORCO Property Group is a leading investor, developer and asset 
      manager in the Central European real estate and hospitality market, 
      currently managing assets of approximately EUR 2.5 billion. Operating in 
      Central Europe since 1991, ORCO Property Group is a public company, 
      based in Luxembourg, and listed on the Euronext, Prague, Warsaw and 
      Budapest Stock Exchanges. ORCO Property Group operates in a number of 
      countries including, mainly, the Czech Republic, Hungary, Poland, 
      Russia, Croatia, Germany and Slovakia. ORCO Property Group is 
      continually analyzing investment into new territories.
    
    
      ORCO Property Group is also sponsor of the Endurance Real Estate Fund, 
      a Luxembourg–regulated closed–end 
      mutual fund (fonds commun de placement - fonds d'investissement spécialisé) 
      organized as an umbrella fund with six sub-funds focused on real estate 
      acquisitions on office and retail, residential, industrial & logistic, 
      and Health Care markets.