Sébastien Bazin is tipped to take over as the latest chief executive of hotel group Accor.
Bazin, head of Los Angeles-based private equity firm Colony Capital for the past 16 years, would be the French hotel giant's fourth chief executive since 2006, including Yann Caillère, the current interim chief executive. He joined the board of Accor earlier this year.
The move is expected to be announced in a board meeting today, according to the Financial Times.
Accor's board is reported to be divided over a strategy that involves managing and operating hotels rather than owning them. Bazin is expected to speed up Accor's hotel disposal programme, according to the paper.
The previous chief executive of Accor, Denis Hennequin, left the company in April this year.