16 May 2018
Tags: TFE Hotels, TFE, Toga Group, Allan Vidor, Rachel Argaman, Adina Apartment Hotel, Adina Hotels, Vibe Hotels, Travelodge hotels, Rendezvous, TFE Hotels Collection
TFE HOTELS STARTS GLOBAL SEARCH FOR REPLACEMENT
“CEO, Rachel Argaman will leave TFE Hotels to pursue a new opportunity outside of the hotel and hospitality industry,” TOGA Group Managing Director and TFE Hotels Chairman Allan Vidor announced to the group today. “On behalf of TOGA Group and TFE Hotels, we want to acknowledge and thank Rachel for her commitment and contribution to the organisation.”
Ms Argaman became CEO of TOGA Hospitality Group in June 2007. The group was renamed TFE Hotels in 2014, following a joint venture partnership with Far East Hospitality. During her tenure, the business has grown from its beginnings as a serviced apartment operator to a multi-brand hotel group in multiple locations in Australia, New Zealand and Europe.
As a member of Chief Executive Women, Ms Argaman has also been an advocate of women in leadership roles across the industry and particularly within TOGA.
Ms Argaman’s resignation coincides with her 20-year anniversary at TOGA.
“Approaching 20 years with TFE Hotels was a time of both celebration and reflection for me - celebration for all that an extraordinary group of people have achieved,” she said. “The company has gone from operating in one country to five, from one brand to seven and from eight serviced apartments in the suburbs to today, where, with our pipeline, we have over a hundred hotels.”
Ms Argaman will remain in her role as CEO until the end of July and TFE Chairman, Allan Vidor will take an oversight role during the transition period until a replacement is appointed.
Mr Vidor said: “I have had the great pleasure of working with Rachel for 20 years and she has made an indelible mark on the group. We will now embark on a global search for Rachel’s replacement and look forward to the appointment of a new CEO to continue our remarkable journey.
This will be a thorough process to ensure we appoint the right individual to continue to drive our significant expansion both locally and internationally.”
As the leading hotel apartment chain in Germany, with further growth into Austria and Switzerland, the global search for Ms Argaman’s replacement presents a unique opportunity for the next CEO.
TOGA Group and Singapore’s Far East Hospitality Holdings joint venture, TFE Hotels, is head-quartered in Sydney and has a growing European head office located in Berlin. With a portfolio of nearly 100 hotels across Australia, New Zealand and Europe, TFE Hotels has a strong development pipeline with a further 20 hotels due to open over the next three years.
The expansion will see the following hotels open in Australia, New Zealand and Europe:
- Adina Apartment Hotels in Australia: Brisbane, Fremantle, Melbourne (Southbank, West End, Pentridge Prison), Macquarie Park, Sydney (Australia Square), Canberra
- Adina Apartment Hotels in Germany and Austria: Frankfurt, Freiburg, Cologne, Stuttgart, Munich and Vienna
- Vibe Hotels: Hobart, Melbourne and Darling Harbour
- TFE Collection The Calile Hotel Brisbane
- Travelodge: Auckland
Mr Vidor said. “It is an exciting time for both Ms Argaman and TFE Hotels and we wish her great success in her future endeavours.”
Media Interviews
TOGA Group Managing Director Allan Vidor is available for interviews on request.
Media Enquiries
Natasha Granath
(02) 9356 1048
ngranath@tfehotels.com
PR & Communications Manager - TFE Hotels
OUT TOGA GROUP
TOGA Group is a privately owned integrated Australian owned and operated property developer builder and hotelier with a portfolio across Australia, New Zealand and Europe. For over 50 years TOGA has successfully completed world-class developments across Australia and currently has four major projects under construction; Highpoint Hurstville, a 448-apartment development in Southern Sydney, Macquarie Green, a 164-dwelling apartment and townhouse development in North Ryde, The Chatswood, a 156-apartment development in Sydney’s Lower North Shore and Harbourfront Balmain, a 121-apartment development on 150 metres of prestige waterfrontage. TOGA is the nationally-recognised name behind the award-winning Jones Bay Wharf rejuvenation in Sydney, the Darwin Waterfront revitalisation, popular retail hot-spot ‘Boheme’ at Bondi Beach and the Adelaide Treasury Building. In coming years, TOGA is on-track to launch a pipeline of more than 5000 apartments and an expansive portfolio of vibrant retail and short-term accommodation.
ABOUT TFE HOTELS
TFE Hotels is the only hotel management company headquartered in Australia to design and manage hotels end to end, from concept to successful operation. This can-do hotel company has earned a firm reputation as “the developer’s hotelier”, possessing more than 50 years’ experience in hotel design and operation. TFE Hotels operates a portfolio of nearly 100 hotels in Australia, New Zealand and Europe – more than 20 of them in the development pipeline, set to open in the next three years. TFE Hotels was established in 2013 as a joint venture between Australia’s Toga Group (1963), and Singapore’s Far East Hospitality Holdings. It has grown to encompass six brands: Adina Apartment Hotels, Medina Serviced Apartments, Rendezvous Hotels, Vibe Hotels, Travelodge Hotels and the new TFE Hotels Collection.
