October 14, 2024
Waterford, CT – Waterford Hotel Group, with a proven track record of operating more than 100 properties nationwide since its inception, announced today the promotion of Duane Schroder to Chief Growth Officer, a newly created position. In this role, Schroder will spearhead strategic initiatives designed to propel the company’s expansion.
In his role, Schroder will lead business development efforts to secure management contracts. Additionally, Schroder will cultivate strategic partnerships with capital partners to drive future expansion and oversee the acquisition of properties that align with owner investment objectives.
“Duane’s exceptional leadership and unwavering commitment to growth have consistently positioned Waterford for success,” said Len Wolman, Chairman of Waterford Hotel Group. “His well-deserved promotion to Chief Growth Officer signifies his dedication and expertise. We are confident that under his guidance, Waterford will continue its expansion trajectory and reach new heights.”
Schroder brings a wealth of experience and a proven track record to this new role. Having joined Waterford Hotel Group in 2002 through their International Training Program, he has spent over two decades with the company. His journey has seen him excel in various leadership positions, including Vice President of Operations, Regional Hotel Director, and General Manager across numerous properties. This extensive experience, coupled with his strong leadership skills, equips him perfectly to lead Waterford’s growth efforts.
“After a rewarding tenure at Waterford, I am incredibly enthusiastic about this new challenge and propelling our company’s future success,” said Schroder. “With a strong foundation in place, I am confident in identifying the ideal partners and hotel opportunities to achieve ambitious goals.”
Schroder will prioritize select-service and extended-stay properties within the Marriott, Hilton, Hyatt and IHG brands. Additionally, he will explore opportunities within the college market for independent hotels and compact full-service properties, areas where Waterford boasts significant experience.
About Waterford Hotel Group
For nearly 40 years, Waterford and its affiliates have developed and operated a diverse portfolio of hospitality assets exceeding $3 billion in value. As an approved operator for all major hotel brands, Waterford has expertise in managing many properties, including full-service hotels, select-service properties, resorts, convention centers, and event venues. Their portfolio has encompassed over 100 locations nationwide, from large multi-use projects to idyllic independent inns. For more information, please visit www.waterfordhotelgroup.com.