Waterford Hotel Group promotes Duane Schroder to chief growth officer, a newly created position. In this role, Schroder will spearhead strategic initiatives designed to propel the company’s expansion and lead business development efforts to secure management contracts. Additionally, Schroder will cultivate strategic partnerships with capital partners to drive future expansion and oversee the acquisition of properties that align with owner investment objectives.
“Duane’s exceptional leadership and unwavering commitment to growth have consistently positioned Waterford for success,” Waterford Hotel Group Chairman Len Wolman said in a statement. “His well-deserved promotion to Chief Growth Officer signifies his dedication and expertise. We are confident that under his guidance, Waterford will continue its expansion trajectory and reach new heights.”
Schroder joined Waterford Hotel Group in 2002 through their international training program and has spent over two decades with the company. His journey has seen him excel in various leadership positions, including vice president of operations, regional hotel director and general manager across numerous properties. This extensive experience, coupled with his strong leadership skills, equips him perfectly to lead Waterford’s growth efforts.
“After a rewarding tenure at Waterford, I am incredibly enthusiastic about this new challenge and propelling our company’s future success,” said Schroder. “With a strong foundation in place, I am confident in identifying the ideal partners and hotel opportunities to achieve ambitious goals.”
Schroder will prioritize select-service and extended-stay properties within the Marriott, Hilton, Hyatt and IHG brands. Additionally, he will explore opportunities within the college market for independent hotels and compact full-service properties.