Onefinestay boss Cedillo-Espin leaves to head up Sweet Inn

George Sell George Sell Uploaded 15 November 2018


France: Onefinestay CEO Javier Cedillo-Espin has left the homesharing platform to join serviced apartment platform Sweet Inn as its new CEO.

The move is another blow for AccorHotels' Onefinestay homesharing business which has had three different CEOs in the past two years.

Cedillo-Espin said he is moving because he is "always looking for the next innovative concept" and that he "felt ready to pursue a more entrepreneurial path and help grow a business at this stage".

Sweet Inn founder and former CEO Paul Besnainou will assume the role of executive chairman and key advisor to the CEO, effective immediately.

Cedillo-Espin was appointed CEO of Onefinestay in February 2017 following the departure of co-founder Evan Frank. During his tenure at Onefinestay, the platform grew from having 2,000 homes in 12 markets to have more than 10,000 in 200 destinations worldwide, largely due to AccorHotels' acquisitions of Travel Keys and Squarebreak.

Prior to his CEO role at Onefinestay, Cedillo-Espin served as chief integration officer during AccorHotels' acquisition of Fairmont Raffles International.

Sweet Inn's business model involves taking long-term leases and offering fully serviced apartments. It has more than 500 apartments in 11 cities worldwide, primarily in Europe and Israel.

"I'm excited to join Sweet Inn at a crucial stage of growth for the company," said Cedillo-Espin.

AccorHotels has appointed Thomas Girard as the new CEO of Onefinestay.


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