Lotte Hotels & Resorts appoints new CEO for the Americas
- Jim Petrus has been an industry leader for over 30 years who has held leadership positions in Blackstone / BRE Hotels and Resorts, Starwood Hotels and Resorts and Hyatt Hotels.
- Lotte currently has 34 properties totaling 11,200 rooms with 3 more properties in the pipeline.
- Petrus’s appointment builds on the South Korean luxury brand’s commitment to creating unique and compelling experiences for customers in the Americas.
Lotte Hotels Corporation announced today that Jim Petrus has been appointed CEO of Lotte Hotels and Resorts Americas, effective immediately. Petrus has been an industry leader for over 30 years who has held leadership positions in Blackstone / BRE Hotels and Resorts, Starwood Hotels and Resorts and Hyatt Hotels. Petrus’s appointment builds on the South Korean luxury brand’s commitment to creating unique and compelling experiences for customers in the Americas.
Lotte Hotels & Resorts entered the North American market in 2015 with the acquisition of the iconic Lotte New York Palace hotel in Manhattan and further expanded its presence in 2020 with the opening of the Lotte Hotel Seattle. Lotte plans to open more than 20 hotels over the next 5 years, targeting key cities, technology hubs and resort destinations in the Americas. Lotte currently has 34 properties totaling 11,200 rooms with 3 more properties in the pipeline. Lotte Hotel brands include Signiel, their 6-star brand; L7, their lifestyle brand; and Lotte Hotels, their signature brand.
“Throughout Petrus’s illustrious career, he has been instrumental in building the best culture and business strategy for all the brands he has touched. We are extremely optimistic about all that Jim has to offer at Lotte Hotels & Resorts and are delighted to see him usher in the next generation of success for the brand in the United States, said David Kim, President and CEO. management of Lotte Hotel Corporation. “He understands our company, our company and our people, and I have no doubts that he is the right leader to advance our culture and our company.
Prior to joining Lotte Hotels & Resorts, Petrus worked at Blackstone / BRE Hotels and Resorts where he was Senior Vice President of Asset Management – Hawaii Hotels and Resorts. Petrus has also held several key positions with Starwood Hotels and Resorts within the St. Regis brand, including Global Brand Leader and Senior Vice President of Operations. Previously, he held several management positions at Hyatt Hotels. Throughout his career, Petrus has also held numerous civic and industrial leadership positions. Petrus is a graduate of Michigan State University School of Hospitality.
“I am honored to have the opportunity to take the helm of Lotte Hotels & Resorts in the Americas,” said Mr. Petrus. “I see so much potential for our Lotte Hotel brands, and I am delighted to have the opportunity to bring these brands to both the luxury travel and lifestyle markets in this corner of the world. With the support of our exceptional team in Korea, I am confident that we will advance the expansion strategy that we now have in place, while building on an exceptional hotel culture and providing new growth opportunities to our members. team, guests and investors. “