US: Coliving and BTR operator Common has appointed Karlene Holloman as CEO
The hospitality veteran has more than 30 years of experience in hospitality operations, strategy, and management. She will replace Brad Hargreaves, the founder of Common, who will remain as the company’s chief creative officer and chairman of the board.
Holloman previously held executive roles as CEO of Point Hospitality Group and SVP of operations at Commune Hotels and Resorts.
Hargreaves founded Common in 2015 in response to the global housing crisis across major cities, and led the company’s expansion from a small startup to a nationwide leader in the coliving space. He will continue “building out the future of city living, working closely with Common’s Studio, Real Estate, and Marketing teams to drive new business and innovations in rental housing”.
“Since its founding seven years ago, Common has grown to 7,000+ units under management and 18,000+ under development across over two dozen cities in the US and Canada,” Hargreaves said, “We’ve become the established leader in the coliving sector, providing affordability and community for many tens of thousands of members. In addition, we’ve built a great management business generating superior returns for many dozens of real estate owners and developers nationwide.”
