Rachel Argaman, hospitality industry powerhouse, champion of female empowerment and all ’round legend has stepped down from her role as CEO of TFE Hotels.
Yesterday, Allan Vidor, Chairman TFE Hotels made the announcement.
“CEO, Rachel Argaman will leave TFE Hotels to pursue a new opportunity outside of the hotel and hospitality industry,” he said.
“On behalf of TOGA Group and TFE Hotels, we want to acknowledge and thank Rachel for her commitment and contribution to the organisation.”
See also: TFE CEO talks pay parity and empowering staff
Argaman became CEO of the company in 2007, back when it was known as TOGA Hospitality Group.
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, Argaman has also been an advocate of women in leadership roles across the industry and particularly within TOGA.
Last year, TFE even took out the Women in Travel Employer of the Year title.
“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,” Argaman 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.”
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.
“I have had the great pleasure of working with Rachel for 20 years and she has made an indelible mark on the group,” Vidor said.
“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.”
TOGA Group and Singapore’s Far East Hospitality Holdings joint venture, TFE Hotels, is headquartered 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
“It is an exciting time for both Argaman and TFE Hotels and we wish her great success in her future endeavours,” Vidor said
