New Managing Director Appointed for Oakwood® Branded Property Portfolio in Asia

Veteran Hotelier to Drive Expansion of Leading Serviced Apartment Brand

May 29, 2014, 15:24 ET from Oakwood Worldwide

LOS ANGELES, May 29, 2014 /PRNewswire/ -- Oakwood Worldwide®, the global leader in corporate housing and serviced apartment solutions, has appointed Dean Schreiber as managing director for the company's portfolio of 28 Oakwood® branded serviced apartment properties in Asia Pacific. In this capacity, Schreiber will establish and execute the strategic direction for the business unit and oversee the growth of the brand throughout the region.  

This appointment follows Oakwood Worldwide's recent announcement to more than triple the number of Oakwood-branded corporate and serviced apartments around the world. Schreiber will report to Bill Foltz, Oakwood Worldwide senior vice president and chief financial officer, and will serve as part of the new regional leadership team designed to strengthen the company's ability to identify and pursue development opportunities for the organization. As managing director, he will play a pivotal role in further establishing the Oakwood branded presence and expanding the portfolio into new markets including the Middle East.

A hospitality veteran, Schreiber brings nearly 30 years of global experience to his role, including assignments in Asia Pacific and the Middle East and has extensive experience in property development, new property openings, general management and hotel operations for five-star and luxury brands.

"Dean is joining us at a very exciting time following the announcement of our recent $4 billion joint venture with Mapletree, which will deliver a healthy pipeline of development opportunities within key Asian markets," said Foltz. "His depth and breadth of hospitality expertise will be invaluable to leading the global expansion of the Oakwood brand."

Schreiber comes to Oakwood Worldwide from Pan Pacific Hotels Group where he was senior vice president of operations. Prior to Pan Pacific, he was group managing director of KOP Hotels and Resorts. Throughout his career, Schreiber has held key leadership positions at Intercontinental Hotels Group, Harbour Plaza Hotels and Resorts, Century International Hotels and Starwood Hotels and Resorts. He graduated from Höhere Lehranstalt für Fremdenverkehr in Krems, Austria where he completed a two-year diploma in hotel management. Schreiber will operate out of the Oakwood regional headquarters in Singapore.

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About Oakwood Worldwide

Oakwood Worldwide®, based in Los Angeles, Calif., is the leading provider of corporate housing and serviced apartment solutions through its two well-known brands, Oakwood® and ExecuStay®.  Both brands provide move-in-ready furnished housing designed to meet the needs of business travelers on long- and short-term assignments. Oakwood® has access to the largest selection of housing options and a presence in all 50 United States and more than 70 countries. ExecuStay is the preferred corporate housing partner of Marriott® International and is the only corporate housing brand where guests can earn Marriott Rewards® points for stays at any ExecuStay location in the U.S.

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SOURCE Oakwood Worldwide