Former TFE exec Michael Herman joins Veriu Group

Veriu Group
Michael Herman joins Veriu Group as its new Director of Development.

The Veriu Group has appointed Michael Herman as its new director of development in anticipation of a period of significant expansion.

Michael’s recruitment is a timely one according to Group CEO Zed Sanjana.

“Demand from the development community for both our Veriu and Punthill brands is strong, and getting stronger, despite the challenges of the last two years,” he said.

“We’re set to grow by at least another 10 properties by 2025 and we’re very keen partner with developers to sign up new hotels.

“Michael offers us a wellspring of invaluable and directly relevant, experience dealing with developers.

“At TFE, he was responsible for evaluating new hotel opportunities either by way of acquisition, development or operating agreements for all of the Group’s brands.

“He comes to the Veriu Group with a proven record of delivering impressive results, and we expect him to take a lead role in fulfilling our key strategic growth objectives for the Group.”

Herman said the Veriu Group has a team of exceptional people and two solid brands.

“I’m really looking forward to ensuring their growth plans are achieved around Australia, with a particular focus on NSW, and I can’t wait to get started,” he said.