Accomplished senior finance executive, is set to optimize the industry leader’s financial operations to support continued business expansion

Patrick Shearer, Chief Financial Officer

San Ramon, CA, April 4, 2023 — Synergy Global Housing (Synergy), a leader in serviced accommodation program management, announced the addition of Patrick Shearer as Chief Financial Officer (CFO). Shearer will be based out of Synergy’s headquarters in San Ramon, CA and report to President, Debra Christopher.

“What impressed me most about Patrick is his depth of experience and expertise across all facets of financial operations,” said Christopher. “His work in both the private and public sector will prove instrumental in helping us achieve our goals and further propel our growth as a leader in the extended-stay housing industry.”

Shearer has over 25 years of experience leading accounting, finance and special project teams both domestically and internationally. He brings with him a wealth of knowledge in accounting, finance, management, risk management, strategic planning and transactions. Before Synergy, Shearer was a partner with a big 4 professional services firm where he held numerous leadership positions and acted as a trusted advisor to venture companies, private equity funds and corporate entities, ranging from start-ups to multinational operators across a variety of industries.  Most recently, he was the CFO of a publicly listed coffee company.

“Synergy is in an exceptional position to continue its global expansion and reach its overall growth and revenue diversification targets,” said Shearer. “I’m excited to work closely with Debra and the rest of Synergy’s executive team as we continue to fortify our leadership position in the service accommodation sector.”

Shearer will be responsible for all aspects of the company’s financial operations, including leading the finance team, managing financial resources, developing and implementing financial strategies, and risk management.

About Synergy Global Housing

Founded in 1999, Synergy is an international serviced accommodation provider headquartered in San Ramon, CA, delivering a superior hospitality-driven extended-stay experience to the business travel and mobility industries. Providing best-in-class housing and services in over 2,000 cities in more than 85 countries, the company has offices in China, Singapore, India, England, Ireland and multiple locations throughout the United States.

Recognized globally, Synergy’s recent awards include the 2023 and 2021 Company of The Year from the Corporate Housing Provider’s Association (CHPA), 2022 Operations Team of the Year from the Business Travel People Awards; 2022 and 2020 Serviced Apartment Provider of the Year Regional/Global from Relocate Magazine; 2021 Corporate Housing Provider of the Year from the Forum for Expatriate Management (FEM) U.S. and EMEA regions; and the 2020 Corporate Business of the Year from the Association of Services Apartment Providers (ASAP).

Synergy is a member of The Ascott Limited (Ascott), a leading international lodging owner-operator based in Singapore. Spanning more than 200 cities in over 40 countries, Ascott’s serviced residence and hotel brands include Ascott, Citadines, lyf, Oakwood, Quest, Somerset, The Crest Collection, The Unlimited Collection, Préférence, Fox, Harris, POP!, Vertu and Yello. Ascott is a wholly-owned subsidiary of CapitaLand Investment Limited (CLI), one of Asia’s largest diversified real estate groups headquartered and listed in Singapore and Malaysia. Today, Ascott boasts over 30 years of industry track record and award-winning brands that enjoy recognition worldwide.