Denver-based Sage Hospitality Group has appointed Daniel del Olmo president and CEO, becoming the company’s third chief executive in its 42-year history, according to a news release obtained by Hotel Dive.  

Del Olmo, who joined the hospitality development, investment and management company in early 2020, most recently served as co-CEO alongside co-founder Walter Isenberg, where he oversaw enterprise strategy, performance, operations and owner relations.

“Daniel has earned this role,” Isenberg said in a statement. “Over the past six years, he has demonstrated the leadership discipline, financial rigor and cultural alignment necessary to guide Sage into its next chapter.”

As part of the transition, Isenberg will step into the role of executive chairman of the board. Co-founder and former CEO Zack Neumeyer will serve as chairman emeritus and vice chairman of the board.

As CEO, Del Olmo is charged with executing Sage’s long-term enterprise strategy, nurturing the company’s people-first “You Belong” culture, undertaking quality growth and strengthening its operational excellence across its portfolio, according to the release. 

Sage specializes in experiential hospitality across hotels and restaurants, operating more than 140 hotels, restaurants and entertainment venues in the U.S. 

In his new role, del Olmo said in a statement he plans to invest in the company’s people and associates, who are at “the heart of Sage.” The company employs a total of nearly 7,000 people across its four companies, including Sage Hotel Management, Sage Restaurant Concepts, Sage Studio and Sage Investments. 

“As we grow, my commitment is to continue investing in our talent, delivering industry-leading results, deepening owner partnerships and evolving how we deliver experiences that matter,” he said. 

Prior to joining Sage, del Olmo worked for Wyndham Hotel Group for around 11 years and had a stint as CEO of sbe Lifestyle Hospitality, per Linkedin. He brings about 25 years of global hospitality experience to the CEO role, according to Sage’s website. 

Neumeyer said in a statement that this transition “reflects years of disciplined planning and leadership development.” 

“Sage was built to endure beyond any one individual, and this moment reflects the strength of our culture, our strategy and our leadership bench,” he said. “As co-founders, Walter and I built Sage on the belief that hospitality can enrich lives and that foundation remains firmly in place as we enter this next chapter.”