American Campus Communities names new CEO

American Campus Communities has named Rob Palleschi as its new CEO.

Bill Bayless, ACC’s co-founder and CEO, will transition to the role of vice chair, where he will focus on strategic initiatives, provide input and support to the company’s executive team, and continue his role as a leading expert for the industry.

Previously, Palleschi was the CEO of G6 Hospitality, a Blackstone-backed firm, for five years. Before G6, Palleschi served as Chief Executive Officer of TGI Fridays, where he focused on driving quality, customer experience, and supporting team-member experience. Previously, Palleschi spent 12 years at Hilton Worldwide, most recently serving as global head of full-service brands, overseeing operations, and developing growth strategies focused on guest experience, product quality and brand identity.