Marcel Verbaas is the CEO of Xenia Hotels & Resorts, Inc., a position he has held since 2014. He has a strong background in the hospitality industry, starting with a Bachelor's degree in Hospitality Management from the University of Central...
Marcel Verbaas is the CEO of Xenia Hotels & Resorts, Inc., a position he has held since 2014. He has a strong background in the hospitality industry, starting with a Bachelor's degree in Hospitality Management from the University of Central Florida. Over his career, he has been involved in significant real estate investments, overseeing acquisitions worth over $2.5 billion in his prior role at CNL Financial Group. Under his leadership, Xenia Hotels has thrived, achieving maximum performance metrics that led to substantial bonuses. Marcel's compensation has been impressive, with total earnings around $7.3 million in some years, mainly driven by performance-based bonuses. He has a strategic vision for the company and has focused on optimizing operational efficiency and attracting investor interest. Marcel is a practical leader who blends experience with a keen understanding of market dynamics in the hospitality sector. Interesting facts include that Marcel emphasizes a performance-based culture at Xenia, aligning executive pay with company success. He has been transparent about his goals which include improving the company's market visibility and managing capital allocation effectively. His approach has helped Xenia grow and adapt in a competitive industry. Besides his professional experience, Marcel has been integral in leading the company through challenging periods such as the COVID-19 pandemic, demonstrating resilience in tough times.