In November 2017 the Managing Director and Chief Executive Officer of Hotel Property Investments Ltd. (HPI), David Charles, indicated his desire to retire by the end of November 2018. On 17 October 2018 the Board accepted Charles' resignation as a Director of Hotel Property Investments Ltd. Donald Smith commenced his employment with Hotel Property Investments Ltd. on 1 October 2018 and the Board appointed him as Managing Director under section 25.6 of the company's constitution on 17 October 2018.