Hospitality industry outsider, appointed CEO of Four Seasons Hotels & Resorts

Allen Smith, age 56, currently CEO of Prudential Real Estate Investors, has been appointed President and CEO of Toronto based luxury hotel company Four Seasons. The announcement follows an extensive global search overseen by the private company’s long-term shareholders, Kingdom Holding Company (controlled by Prince Al Waleed), Cascade Investment (controlled by Bill Gates) and minority shareholder Triples Holdings (owned by Isadore Sharp, founder of Four Seasons). Mr. Allen Smith will take up his new position at Four Seasons, on 23 September 2013.

Mr. Smith has served as CEO of Prudential Real Estate Investors (PREI), one of the world’s largest real estate investment managers, since 2008. Under his leadership, PREI expanded its global presence, which today consists of 23 offices worldwide and $53 billion in real estate assets under management, including many hotels. Mr. Smith joined Prudential in 1987 as a member of its hotel investment group after earning his master’s degree from Cornell University’s School of Hotel Administration.

Allen Smith, new CEO of Four Seasons Hotels & Resorts (photo Reuters)