Sage Hospitality Group promotes Dean Stambules to chief investment officer. In this new role, Stambules will oversee all new business initiatives for the company, including the identification of investment opportunities for both acquisitions and development as well as the growth of Sage’s third-party management portfolio – for both hotels and restaurants.
"Dean's promotion is a testament to his exceptional leadership, unwavering commitment, and the profound impact he has had on Sage over the past 10 years," Walter Isenberg, CEO and co-founder of Sage Hospitality Group, said in a statement. "Since joining the company, Dean has played a transformative role in reshaping our investment model. He has a deep knowledge of the world of hospitality and embodies our company’s values in his work. Dean has been instrumental in building Sage into what we are today."
Stambules' journey at Sage spans a decade, beginning in 2014 as an analyst with the real estate group. In that position, Stambules oversaw Sage’s investment model, and he has been involved in nearly all of Sage’s new business related to acquisitions and third-party management contracts since that time. His work can be seen in the growth of Sage’s portfolio, with a focus on urban and resort lifestyle projects including Hotel Commonwealth, The Ritz-Carlton Chicago, and Denver’s Union Station, among others. From ground-up construction projects to adaptive re-use projects, Dean and his team have been integral in shaping the business.
More recently, Stambules led Sage’s first acquisition in Florida, a joint venture in One Ocean Resort & Spa, a resort in Atlantic Beach. He was also actively involved in The Ann Savannah, the first Apartment by Marriott Bonvoy property in the Continental U.S., scheduled to open in the coming weeks. Throughout his tenure, Dean has expanded partnerships and strengthened ties on behalf of Sage with key partners including Sunstone Hotel Investors, Host Hotels & Resorts, Pebblebrook Hotel Trust, RLJ Lodging Trust and DiamondRock Hospitality.