In The News
Andrew Pace, Vice President of Development for Hotel Equities, will be a member of the panel in Atlanta when HVS and U.S. Hotel Appraisals will co-host U.S. Hotel Market Connections on Wednesday, May 1, 2013. During the simulcast conference, hotel representatives from properties, brands, and financing resources in regions across the country will have an unparalleled opportunity to make connections and experience a revolutionary delivery of local and nationwide hotel market intelligence.
DeKalb-based Hotel Equities assumed management of the 52-room Comfort Suites hotel at 2225 Riverside Parkwayin Lawrenceville, Georgia. The hotel recently finished a $600,000+ complete renovation of all guestrooms and public spaces.
Hotel Equities promoted Elizabeth Derby to the position of Vice President of Hotel Operations. Ms. Derby’s responsibilities at the hotel development and management company include creating and administrating models for operational excellence. She has oversight of all operations of the hotels including the development of the criteria and guidelines for the company’s hiring practices for all associates as well as the selection, training and mentoring of managers.
Hotel Equities promoted Brad Rahinsky to the position of Senior Vice President. Mr. Rahinsky’s responsibilities at the hotel development and management company include oversight of business development, acquisition and the overall strategic growth of the organization through various platforms.
Marriott named Hotel Equities the winner of the prestigious Marriott “Spirit to Serve Award for Community Service” at the Marriott Owners Conference in December 2012. Presented selectively, the award recognizes that company’s values as expressed through employee volunteerism plus in-kind and cash donations that support the company’s and Marriott’s community service initiatives.
US News & World Report profiles Angela Raub, Vice President of Business Develoopment. When companies struggle to find management talent, job seekeers must be flexible.
Hotel Equities and IRE Capital formed Hotel Development Partners (HDP), a new joint venture partnership firm, to raise $30 million to acquire and build hotels. The first deal, the purchase of the Fairfield Inn & Suites Charleston airport, closed November 6. Under the agreement, the two firms plan to acquire or develop 10 to 12 hotels over the next two years.
Hotel management and development firm Hotel Equities (HE) will partner with Marcus & Millichap, a real estate investment services firm, and law firm Morris, Manning & Martin, LLP to host a ‘Lunch and Learn’ program titled “Your Options as a Hotel Lender” at the HE corporate office in Perimeter Center from 11:30 a.m. – 1:30 p.m. on Thursday, November 15, 2012.
Atlanta-based Hotel Equities recently entered into a joint venture with IRE Capital to form Hotel Development Partners (HDP). The new JV partnership firm, HDP, made its first acquisition with the purchase of the 102-room Fairfield Inn & Suites Charleston Airport, on I-26, in North Charleston, South Carolina.