## DoveHill Bolsters Investment Strategy with Appointment of Charles Paloux as CIO
DoveHill, a leading hospitality investment and development firm, is thrilled to announce the appointment of Charles Paloux as its new Chief Investment Officer (CIO). This strategic move underscores DoveHill’s commitment to expanding its portfolio of independent and lifestyle hotels, offering guests unique, high-end experiences. With over 20 years of experience in hospitality and real estate, Paloux’s expertise will be instrumental in driving DoveHill’s investment strategy, particularly within the burgeoning sector of independent and lifestyle hotels.
A Proven Track Record in Hospitality Investments
Charles Paloux brings a wealth of experience in hospitality management and investment, with a particular focus on repositioning and rebranding assets. He joined DoveHill in 2021, bringing a wealth of experience from his previous roles at leading firms such as Jones Lang LaSalle and Hersha Hospitality Trust. At DoveHill, he has already played a pivotal role in shaping the firm’s growth trajectory.
As CIO, Paloux will oversee DoveHill’s entire investment process, from acquisition to asset management and property dispositions. This ensures the firm continues to make strategic, value-adding investments within the hospitality sector.
Navigating the Pandemic and Embracing New Opportunities
DoveHill demonstrated remarkable resilience during the challenging years of the pandemic, becoming one of the most active hospitality investors. Its strategic focus has always been on identifying opportunities in the independent and lifestyle hospitality markets, catering to travelers seeking more authentic and unique experiences beyond the typical hotel stay.
This commitment to innovation is reflected in the launch of DoveHill’s Opportunity Fund 2, dedicated to making preferred equity investments in highly differentiated properties. This fund further solidifies DoveHill’s dedication to the burgeoning niche of independent and lifestyle hotels, a sector gaining significant traction in the post-pandemic world.
A Unique Approach to Hospitality Investments
DoveHill’s investment strategy centers around identifying underperforming or overlooked properties and transforming them into highly differentiated, experiential destinations that appeal to today’s discerning travelers. The firm specializes in independent and lifestyle hotels – properties that offer something beyond the standard, providing guests with memorable and immersive experiences.
This model reflects the broader trends within the tourism and hospitality industry, where travelers are increasingly seeking more personalized, boutique-style accommodations that allow them to connect with local culture.
“At DoveHill, we are driven by the desire to create exceptional guest experiences. Our focus on independent and lifestyle hotels allows us to tap into the growing demand for unique and personalized accommodations,” said Jake M. Wurzak, Founder and CEO of DoveHill. “Charles’ background and strategic vision have been invaluable to our success, and we’re confident that his leadership will help us continue to thrive in this competitive market.”
Charles Paloux’s Role in the Firm’s Growth
As CIO, Paloux’s role will involve overseeing DoveHill’s investment decisions, ensuring that each acquisition aligns with the firm’s long-term strategy. His expertise in managing a broad range of hospitality assets, particularly independent properties, will allow DoveHill to continue its successful track record in the industry.
In addition, Paloux will focus on the firm’s new Opportunity Fund 2, which seeks to create asymmetric preferred equity investments that target high-value, niche properties with strong growth potential.
“I am thrilled to continue working alongside Jake and the team to help DoveHill grow its portfolio in innovative and exciting ways,” said Charles Paloux. “The demand for lifestyle and independent hotels is increasing, and we are well-positioned to deliver on that demand. Our focus will remain on creating properties that offer an exceptional guest experience while providing strong returns for our investors.”
DoveHill’s Strategic Focus on Experiential Hospitality
DoveHill’s focus on lifestyle and independent properties aligns with a broader trend in the hospitality and tourism industry. Travelers today are more discerning than ever, seeking experiences that reflect local culture and offer a more intimate, personalized stay. The firm’s portfolio includes properties that embody this trend – design-forward, distinctive hotels that cater to a wide range of guest preferences.
In addition to its strategic focus on independent and lifestyle properties, DoveHill also excels in sourcing off-market deals, leveraging its deep industry relationships to access exclusive opportunities. Its ability to combine innovative financing strategies with a creative vision for design allows the firm to reposition assets and unlock their full potential. By adding value to these properties through effective rebranding and management, DoveHill has consistently been able to deliver strong, long-term results for both investors and guests.
Charles Paloux’s Background in Hospitality and Real Estate
Paloux’s career in the hospitality industry spans over two decades, with notable roles at several prestigious firms. Before joining DoveHill, he served as Senior Vice President of Asset Management at Jones Lang LaSalle, where he oversaw North America’s largest asset management client. Prior to this, Paloux spent more than ten years at Hersha Hospitality Trust, managing a portfolio of independent and lifestyle properties. His experience also includes roles at PricewaterhouseCoopers and Accor UK, where he provided financial oversight for hotel operations.
Charles is also well-versed in hotel operations, having worked at several renowned properties across Europe and the U.S. His hands-on experience in luxury and lifestyle hospitality has made him an ideal fit for DoveHill’s focus on high-end, experiential properties.
DoveHill’s Vision for the Future of Hospitality Investment
Founded in 2011 and headquartered in Fort Lauderdale, Florida, DoveHill has rapidly become a recognized leader in the hospitality investment sector. With its ability to identify and transform underperforming properties into profitable and unique hotel experiences, DoveHill is setting the standard for future hospitality investments. Its portfolio continues to grow, with a particular focus on high-barrier markets and properties that offer exceptional guest experiences in the experiential hospitality sector.
As the hospitality industry continues to evolve, DoveHill’s strategy is increasingly aligned with the preferences of modern travelers—those looking for personalized, local, and immersive hotel experiences. With the addition of Charles Paloux as CIO, DoveHill is well-positioned to continue its trajectory of success and expansion in the independent and lifestyle hospitality markets.
