After completing its bankruptcy proceedings, Hornblower Group has announced the appointment of Mike Flaskey as its new CEO. Flaskey, who previously served as the CEO of Diamond Resorts, brings with him a wealth of experience in the hotel industry, having held leadership roles in companies such as Wyndham Vacation Resorts and Starwood Hotels & Resorts. His appointment comes shortly after the company emerged from Chapter 11 bankruptcy proceedings and underwent financial restructuring under new ownership.
Jonathan Waggoner, co-head of the North America operating team at Strategic Value Partners, expressed confidence in Flaskey’s ability to lead Hornblower Group into its next phase of growth and innovation. Waggoner praised Flaskey for his clear vision for the company’s future and his passion for the operators who deliver services on a daily basis. Flaskey himself emphasized the company’s focus on experience-based initiatives across its business units, highlighting the potential for growth with over 20 million in-person guests annually.
In a statement regarding the departure of former CEO Kevin Rabbitt, Hornblower Group expressed gratitude for his years of service and strategic vision. Rabbitt’s commitment to excellence was acknowledged for playing a pivotal role in achieving key milestones and preparing the company for future success. Despite Rabbitt stepping down, the company continues to manage various operations, including City Experiences, City Cruises, City Ferry, as well as marine services and consulting projects.
Flaskey’s appointment marks a new chapter for Hornblower Group as the company aims to capitalize on its experience-based initiatives and drive growth in the coming years. With a strong leadership team in place and a focus on innovation, the company is positioned to expand its presence in the hospitality and tourism industry. The future looks promising for Hornblower Group under Flaskey’s leadership, as the company navigates through the changing landscape of the travel and leisure sector.