Richard L.

Richard L. is the founder and Chief Executive Officer of Palette Hotels, a hospitality management company based in New York.12 He has held this position since July 2023.1

Professional Background

Richard has an extensive background in the hospitality and real estate industries:

• He founded and led LCRE Group, his family business, from January 2014 to present.1
• At LCRE Group, he oversaw the development, investment, and asset management of seven hotels with 1,100 keys across four states.2
• He has experience in building four ground-up developments in New York City.2
• Prior to Palette Hotels, he worked as:
  • Senior Director of Partner Executives at Kasa Living, Inc. (2020-2022)
  • Senior Consultant in Strategy & Operations at Deloitte (2012-2013)
  • Project Manager at Ketai Realty Corp (2008-2010)
  • Analyst at Tishman Hotel & Realty (2008)

Education

Richard has a strong educational background in hospitality and business:

• MBA in General Management from Harvard Business School (2010-2012)1
• Bachelor of Science with distinction in Hospitality: Real Estate & Finance from Cornell University1

Role at Palette Hotels

As CEO of Palette Hotels, Richard directs the company's development, operations, and investments through its senior leadership team.2 His experience in hotel development, asset management, and consulting has prepared him for this role overseeing a growing hospitality management company.