PEG Hospitality Group's New Era: Garett Bjorkman Takes the CEO Helm
A Strategic Leadership Transition
In a bold move symbolizing its dedication to adaptability and growth, PEG Hospitality Group has named Garett Bjorkman as its new Chief Executive Officer. This leadership transition heralds a new chapter for PEG, aligning with the company’s long-term vision as it continues to evolve into a multi-strategy investment management powerhouse.
Cameron Gunter’s New Role
Stepping back from the day-to-day responsibilities, Founder Cameron Gunter transitions to the role of Executive Chairman. This strategic shift places Gunter as a guiding force in steering the company’s strategic vision, leveraging his decades of hands-on leadership experience.
Bjorkman’s Proven Expertise
Garett Bjorkman, who joined PEG as Co-CEO in early 2024, brings a wealth of knowledge and a proven track record to the table. His prior roles include leading a \(10 billion real estate credit platform and launching a \)2.5 billion wealth-focused real estate strategy at CIM Group. Bjorkman’s expertise in asset management, capital formation, and operational oversight is set to drive PEG’s next phase of expansion.
Goals for the Future
As the newly appointed CEO, Bjorkman will prioritize refining PEG’s portfolio performance, stabilizing assets, and managing risk. His leadership will be pivotal in guiding PEG’s strategic expansion while ensuring execution quality across its integrated platform. “I am honored to lead PEG into the future, building upon the firm’s legacy of discipline and innovation,” he expressed.
PEG: A Legacy of Excellence
Founded in 2003, PEG Hospitality Group has carved a niche as a leading owner, developer, and operator of residential and hospitality assets across the U.S. and Canada, with a specialty in the Rocky Mountain region. With a seasoned team of over 1,100 professionals, PEG has achieved an impressive milestone of $2 billion in AUM and remains committed to delivering superior returns to its investors.
Looking Ahead
This significant change is described as a “natural next step in a carefully planned succession strategy,” positioning PEG to maintain its trajectory of growth and innovation. According to Hospitality Net, the company remains laser-focused on operational excellence and long-term value creation, making it a steadfast leader in the commercial real estate sector.
With Bjorkman at the helm, PEG’s journey continues to inspire confidence, showcasing a blend of tradition and visionary leadership that promises to shape the future of the hospitality industry.