Seasoned general managers such as Franck Savoy are being tasked with delivering a full suite of services.
SOUTH LAKE TAHOE, CA—With an influx of luxury developments offering five-star resort types of amenities, the real estate industry is more heavily influenced by the hotel and hospitality sector than ever before. However, the key to implementing these amenities and experiences requires a different skillset and expertise than most development teams have on staff.
Enter hospitality industry executives. Many real estate developers have tapped into the hospitality industry, hiring leading executives to spearhead these increasingly impressive suites of residential amenities. These seasoned general managers, who are among the most high-profile executives in the hospitality industry, are being tasked with launching and maintaining a range of amenities, overseeing staff members and delivering a full suite of services.