Generator appoints new CEO and CSO
Generator, the innovative, design-led hostel group, has appointed Fredrik Korallus as Chief Executive Officer.
A strong business leader with substantial international experience, Korallus brings over two decades of hospitality, leisure and travel experience having led brands such as Radisson Blu, Park Inn by Radisson and Regent Hotels. Most recently, he served as CEO for The Hotel Collection, the private-equity-owned hotel group, where he led a successful repositioning and consequent sale of the business.
Prior to his role at The Hotel Collection, Korallus spent over 20 years with Carlson Rezidor, holding key commercial and operational positions in Asia, Europe and The Americas. Korallus will lead the Generator business and drive the brand, including further expansion in Europe and the imminent entry into the North American market.
Fredrik Korallus said “The hostel sector is one of the most exciting areas in the hospitality industry and Generator is leading the charge to redefine it. We have a powerful brand, strong team and a wide foothold in key European destinations such as Barcelona, Berlin, London and Paris, I look forward to accelerating our growth, most imminently though entry into the North American market.”
In addition, Generator is strengthening its management team with the appointment of Josh Wyatt as Chief Strategic Officer. Wyatt, who on behalf of Patron led the origination of the Generator business in 2007, has been heavily involved with Generator in his capacity as partner and senior advisor at Patron Capital, and has defined the strategy to build the fast-paced growth and vision for the brand.
In the CSO role, Wyatt will collaborate with Korallus to drive strategy innovation for the brand, set the vision for the business and accelerate global growth. Josh Wyatt said “The vision for Generator continues to focus on delivering exceptional memories for our customers through innovative design and unique cultural touchpoints. With strong leadership, brand clarity and an excellent pipeline of new sites, we are ideally positioned for further rapid growth and I look forward to collaborating with Fredrik and the Generator team to lead the brand’s global rollout.”
Mark Collins, Chairman UK Investment at Patron Capital, Generator’s majority shareholder, said “Since purchasing Generator in 2007, Patron has grown the business rapidly, transforming it into the world’s leading hostel brand and creating a strong platform for future growth. We are pleased to appoint Fredrik to lead the business’s continued expansion, working alongside Josh in his role as CSO and senior advisor to Patron. Fredrik brings extensive operational experience in the sector with a strong track record of growing businesses and we welcome him to the team.”
Source: Generator Hostels Press Release