Lanesborough Real Estate Investment Trust appointed Gino Romagnoli CEO, effective Jan. 1, 2017, replacing Arni Thorsteinson.

Thorsteinson, who has been CEO of the REIT since its inception, will continue to serve as vice chairman and trustee.

Romagnoli has served in an investor relations capacity at Lanesborough since 2002 and was previously executive vice president of Temple Hotels Inc.