Grant Hearn to lead Hotel Collection as CEO exits

Former Travelodge boss Grant Hearn has taken over the leadership of the Hotel Collection, fewer than two months after being appointed the company's chairman.

The shift in responsibilities follows the exit of chief executive Fredrik Korallus, who is stepping down after two years with the company.

The announcement comes after a period of uncertainty for the company, which rebranded from Puma Hotels to the Hotel Collection in June.

Hearn, who joined as chairman of the company in September following the completion of a financial restructuring of the group of 21 regional four-star hotels, has taken over the leadership with immediate effect.

A spokesperson for the company said the change came about after Hearn and Korallus decided that the company needed one clear leader to move the business forwards.

Hearn said: "We have big plans for the Hotel Collection moving forward and we look forward to building on the fantastic foundations that Fredrik has laid."

Korallus, who is now seeking new projects in the UK hospitality and travel sector, also commented on his departure: "The Hotel Collection is a formidable group with a bright future. My exit from the business is entirely amicable and I wish the team much success."

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