After a nearly two-year tenure as CEO of Loews Hotels, Kirk Kinsell has resigned, citing personal reasons, effective immediately.

Stepping in as CEO is Jonathan M. Tisch, the current chairman of Loews Hotels and co-chairman of the board for Loews Corporation.

“Loews Hotels has never been stronger. During Kirk’s tenure as CEO, there have been many positive changes at Loews Hotels, and we fully intend to build on that success,” Tisch said in a statement. “We’ve added top talent to our already strong bench, expanded our network of hotels, and continued to improve our operations and profitability.”

The overall Loews Corporation saw a $65 million loss in the second quarter of this year, but beat Wall Street expectations.

Before joining Loews Hotels, Kinsell worked at InterContinental Hotels Group as its president of the Americas. Under Kinsell’s leadership at Loews Hotels, the company sought to “fill those gaps in our system” and pursue growth. It also created the new lifestyle brand OE Collection.

Tisch was Loews Hotels CEO from 1989 to 2012 and has held leadership positions within Loews Hotels and the larger Loews Corporation since.

Photo Credit: Jonathan M. Tisch is resuming his post as CEO of Loews Hotels following the sudden resignation of CEO Kirk Kinsell. Graham C99 / Flickr