Metro Hotels has appointed John Lee as Acquisition and Development Manager, signalling the long-established chain is on the expansion trail.
John has previously worked in hotel development and property consulting and was the developer who put together the Metro Hotel Entertainment Centre Sydney. He sold the development prior to construction. Metro Hotels opened the property and ran it successfully for a number of years prior to it being sold. John has also worked in stockbroking with firms such as Ord Minnett and Bain and Company.
John McEvoy, Chairman of Metro Hotels, said the appointment of John Lee is the first step in a plan to reinvigorate the group’s expansion platform. “Metro Hotels has been around for almost 40 years and we need to be extending our presence in Australia and beyond” he said. “We are looking for development opportunities as well as acquisitions, and in particular to securing management agreements and leases on existing hotels and properties. We have investors willing to buy properties and to fund the development of new ones” he added. Later this year the company will add to its portfolio a new 53-room hotel in the Perth market.
Metro Hotels is the public face of Transmetro Corporation, an Australian owned public company listed on the Australian Stock Exchange. The Group currently provides a national accommodation network of properties with over 1,000 rooms in key locations and major cities across Australia