NEW YORK—Michael Mueller, founder, president and CEO of boutique brand NYLO, has sold his interest in the company and stepped down from his decade-long position.
“I am very thankful to the hundreds of NYLO associates I have had the pleasure of working with these past 10 years who helped build NYLO from a concept into one of the leading boutique hotel brands with 6 hotels and a portfolio RevPAR penetration of 110%,” stated Mueller.
Mueller said he is exploring opportunities within the hospitality industry “where my experience in creating, developing and operating hotels and hotel brands can add value and help an organization execute [its]business plan. I am exploring hotel investment opportunities via my company Archtower Capital, LLC,”
Plano, TX-based Archtower Capital is a boutique real estate investment and advisory firm specializing in the hospitality industry and was the seed investor in NYLO hotels, noted Mueller.
“I will also be taking on some hospitality-related advisory/consultancy projects as well as exploring a couple exciting new hotel and restaurant concepts,” he added.